Rephrase.ai Acquired
Bengaluru-based generative-AI startup (founded 2019 by Ashray Malhotra, Nisheeth Lahoti and Shivam Mangla) that built a synthetic-video/digital-avatar platform letting businesses turn text into professional-quality talking-avatar videos without filming. Raised a $1.5M seed round (2020) and a $10.6M Series A (2022) before being acquired by Adobe in November 2023 — Adobe's first acquisition of an Indian startup and its first generative-AI…
Rephrase.ai: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 15 Sep 2022 | Series A | $10.6 Mn | Red Ventures 8VC Silver Lake | source |
| 24 Sep 2020 | Seed | $1.5 Mn | AV8 Ventures Lightspeed Venture Partners | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 22 Nov 2023 | Adobe | Rephrase.ai | Undisclosed | source |
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Who founded Rephrase.ai?
Rephrase.ai was founded by Ashray Malhotra, Nisheeth Lahoti, Shivam Mangla in 2019.
How much funding has Rephrase.ai raised?
Rephrase.ai has raised $12.1 Mn across 2 tracked funding round(s), most recently on 2022-09-15. Figures are compiled from cited public sources.
Who are the investors in Rephrase.ai?
Investors in Rephrase.ai include Red Ventures, 8VC, Silver Lake, AV8 Ventures, Lightspeed Venture Partners.
What does Rephrase.ai do?
Bengaluru-based generative-AI startup (founded 2019 by Ashray Malhotra, Nisheeth Lahoti and Shivam Mangla) that built a synthetic-video/digital-avatar platform letting businesses turn text into professional-quality talking-avatar videos without filming. Raised a $1.5M seed round (2020) and a $10.6M Series A (2022) before being acquired by Adobe…
Where is Rephrase.ai headquartered?
Rephrase.ai is headquartered in Bengaluru, Karnataka, India.
What is Rephrase.ai's business model?
Rephrase.ai's core value proposition centers on Removes the time & cost bottleneck of video production, Democratizing high-quality video creation.
How does Rephrase.ai make money?
Rephrase.ai's cited revenue streams include Consumption-based SaaS: setup fee + usage credits.