OpusClip Raises $30 Million in Funding
OpusClip, a Redwood City, CA-based AI-powered video repurposing startup, has raised $30 million in funding.
The round was led by Millennium New Horizons, with participation from Samsung Next, GTMfund, and DCM Ventures.
Millennium New Horizons, based in New York, NY, is an investment firm established in 2018. It aims to support extraordinary founders using advanced technologies and sciences to tackle challenging problems. The firm's assets are managed by its executive team.
The company plans to use the funds to expand its operations and enhance development efforts.
OpusClip is an AI-powered tool designed to create short, engaging video clips from longer videos automatically. It enhances content creation by analyzing and extracting highlights to identify compelling moments and key scenes. The tool optimizes clips for various platforms by adjusting aspect ratios and formats suitable for TikTok, YouTube Shorts, and Instagram Reels. Additionally, it refines these highlights by editing and rearranging them into cohesive, shareable short videos. OpusClip also improves presentation by detecting speakers, moving objects, and adjusting clips for optimal visual and audio appeal.
Funding Details
Company: Immersively Inc.
Raised: $30.0M
Round: Unknown
Funding Date: August 2024
Lead Investor: Millennium New Horizons
Additional Investors: Samsung Next, GTMfund, DCM Ventures
Company Website: https://www.opus.pro/
Software Category: Video Repurposing