Papercup, a British startup that uses artificial intelligence to make videos, has raised $20 million from Comcast-owned Sky and others in the Series A, allowing it to invest in “human sounds” and “human emotions”. ”AI duplication.
Octopus Ventures is leading an investment round joined by Local Globe, Sands Capital, Sky and Guardian Media Ventures, Entrepreneur First, BDMI, as well as individual investors such as Des Traynor, co-founder of commercial messaging firm Intercom, and John Collison, co-founder . – Founder of online payments company Stripe. Papercup’s existing investors also include William Tunstal-Pedo, whose team created Amazon Alexa, and Zubin Ghahraman, Senior Research Director at Google Brain and former Chief Scientist at Uber.
The capital injection will help the London-based company “aim to watch global video content in any language, doubling emotional and realistic synthetic sounds and artificial intelligence as it targets a $100 billion future market.”
“Billions of hours of video content is embedded in one language around the world,” said Papercup, which was founded in 2017. Its customers can upload videos, choose the target language and receive a translated version with streaming. synthetic voice, which according to the company is “no different from human voices”.
Its technology has been used by media giants like Discovery, Sky News and Business Insider to translate all 30 seasons of the Bob Ross show. the pleasure of painting. “More than 300 million people have viewed translated Papercup videos in the last 12 months,” the company said in a statement.
“People save up to 70% more information when they watch duplicate videos in their native language,” said Jesse Sheen, CEO of Papercup. By bending truly emotional linguistic AI, we can handle all forms of content, making video and audio more accessible and enjoyable for everyone. This funding will allow us to double our forward-looking research and create new content categories. ”
“Spotify has 3.2 million podcasts,” said Zoe Reich, manager of the Octopus Ventures Foundation. YouTube 500 hours of video uploaded every minute. Discover a 100,000 hour documentary. CNN 4 million video resources. The volume of video and audio produced for consumption is growing exponentially, but currently only 1% is doubled in many languages. Papercup’s use of artificial intelligence to provide affordable, high-quality duplication can open up this content to audiences around the world, thus increasing Papercup’s video and audio translation market by 100 times.
Source: Hollywood Reporter
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