NTT Finance joined the recent Series B round to raise D-I WOULD Broaden the horizons of cutting-edge digital human and reenactment technologies
TOKYO, May 31, 2022 /PRNewswire/ — NTT Finance, financial group company of Japanese telecom giant NTT, invests in D-I WOULD, the global leader in AI-powered creative media. The funding is part of D-ID cards youngest 25 million dollars Series B round. The round was led by investment firm Macquarie Capital, with significant investments from Pitango, AXA Venture Partners, OurCrowd, OIF Ventures, Maverick and Marubeni. The new infusion brings D-ID cards total funding to $48 million.
investment in DI WOULD was made possible by NTT Innovation Laboratory Israel (NTT Israel), a wholly owned subsidiary of NTT, which serves as an internal strategic resource for breakthrough innovations Israel. NTT Israel’s mission is to support the development of NTT Group’s client businesses, foster innovation and digital transformation. NTT Israel works with Israeli companies and academia to develop cutting-edge technologies in cybersecurity, digital health, AI, robotics and other diverse fields, and promote investment opportunities with Israeli companies.
Proceeds from this round of investors across three continents will enable D-I WOULD to double the number of experts on its world-class deep learning and computer vision teams; and to expand the scope and reach of its breakthrough technology, while continuing to manufacture products that transform the digital-human interface. The round also allows D-I WOULD to expand and support the company’s sales and marketing teams The United StatesAPAC and EMEA.
D-ID uses AI and deep learning to develop reenactment-based products ranging from animating still images to developing high-quality digital avatars. DID cards wide range of customers Warner Bros. Studios, Mondelēz, Publicis and MyHeritage, the D-I WOULD collaborated to create the viral sensation deep nostalgiawho almost created 100M Animations since its inception and more recently live story, which enables the creation of AI-generated biographical videos narrated by photos of users’ ancestors. DI WOULD also has a partnership with The Glimpse Group (NASDAQ: VAR), a diversified virtual reality and augmented reality platform, to develop AI, AR and VR applications for the Metaverse. DI WOULD leads the charge of using synthetic media forever. The company has worked with non-profit organizations and governments on public awareness campaigns on sensitive issues such as domestic violence and HIV Awareness.
This new round of funding follows a whirlwind of success for D-I WOULD. In early March, Fast Company named the company one of the The most innovative companies of 2022 in EMEA. In February, DI WOULD won best use of AI at the Digiday Marketing and Advertising Awards Europe and in January the company’s live portrait technology was nominated as a finalist for the prestigious award SXSW Innovation Award.
“We are grateful for this vote of confidence from the NTT Group and are delighted to enter into a meaningful partnership that will allow us to continue to grow and strengthen our relationships and expand our reach internally Japan and worldwide,” said Gil PerryCEO and co-founder of D-I WOULD.
About NTT Finance
NTT FINANCE, the first company where NTT was founded April 1985 provides post-privatization financial settlements and financial services. Our goal is to create new value through our billing solutions business, which offers billing/collections services and cloud payment services, our credit card business, and our financial services business, which offers various services related to finance and accounting. NTT FINANCE is a wholly owned subsidiary of NTT. visit us in https://www.ntt-finance.co.jp/eng/
About NTT Israel
NTT Innovation Laboratory Israel (NTT Israel) is a strategic focus of NTT in Israel, a global leader in technology and business solutions for people, customers and communities. With $112 billion With sales and more than 320,000 employees in over 80 countries and regions, NTT is a leader in the Japanese communications market and a Fortune 100 company. Founded in July 2021, NTT Israel facilitates synergies between NTT and the Israeli ecosystem. The company’s offer includes open innovation processes, consulting with NTT business units as well as labs and tailor-made services and collaboration with academia. NTT Israel is a wholly owned subsidiary of NTT.
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About DI WOULD
D ID is on Tel Aviv-based Creative Reality™ startup specializing in patented video reenactment technology using AI and deep learning. DID cards Products range from animating still images to facilitating high quality video productions to creating viral user experiences. Funded by Tier 1 VCs, D-I WOULD aims to radically break the time, effort and costs associated with video production and enable the creation of highly personalized media using AI, especially in the areas of e-learning, corporate training, MARCOMMs, AI assistants , history and metaverse. For international customers, D-ID cards Core competencies in the human face and deep learning enable its partners to create exciting and engaging content that was previously unthinkable. To learn more, visit www.d-id.com.
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