The seed funding round was led by re-investments from Anicut Capital, 9Unicorns, Venture Catalysts, and JJFO, while newly witnessing participation from FirstCheque.
Noida-based dubpro.ai, an AI-driven dubbing solution start-up, has raised $500k in its seed round from Venture Catalysts. Investors such as Anicut Capital, 9Unicorns, Venture Catalysts, JJFO,and FirstCheque also participated in the round. The funding aims to revolutionize video content localization.
dubpro.ai, founded by Ishan Sharma and Rishikesh, enables creators and companies to localise their video content through advanced AI-driven dubbing solutions. It also offers vernacular content localisation.
Commenting on the funding, Dr. Apoorva Ranjan Sharma, director and MD of Venture Catalysts, said, "We are thrilled to partner with dubpro.ai on their mission to democratize access to high-quality vernacular content through innovative AI-driven solutions.”
dubpro.ai's pioneering solution leverages the latest advances in Language Model (LLM) technology to slash human intervention in video dubbing by over 80 per cent, as per the company statement.
"We are extremely excited to work with leading investors and a passionate team to build generative AI capabilities in Indian languages that could unlock a great potential for video content to be available across all vernacular languages, from education to entertainment content, said Ishan Sharma, Founder and CEO of dubpro.ai.
AI-based start-ups have seen a significant rise in the last few years. A report by Nasscom says that 70 percent of start-ups are investing in artificial intelligence.
Similarly, globally, Gen AI start-ups in 2023 raised $10 billion in venture capital. According to GlobalData, a data and analytics company, Gen AI start-ups saw a 110 percent increase in funding in 2023 compared to 2021.