Neosapience: Secures $21.5M in Series B Funding

Neosapience Secures $21.5M in Series B Funding

  • Neosapience, a Seoul, South Korea-based startup that operates AI-powered virtual actor service Typecast, raised $21.5M in Series B funding
  • The round was led by BRV Capital Management, with participation from Stic Ventures, Quantum Ventures, Company K Partners, Albatross Investment Capital, Daekyo Investment and TimeWorks Investment
  • The company intends to use the funds to further product development and expansion into the U.S.
  • The company aims to make AI-powered virtual actors for everyone based on core technology that synthesizes realistic and emotional voices and faces from a given text script
  • The platform is suited for anyone planning to create video and audio content because it allows anyone to use AI-powered virtual actors, leveraging audio and video synthesis technology in their content
  • The company first started as an AI voice actor service, providing 170 virtual voice actors in Korean and English
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FTC Seeks Contempt Ruling Against Payment Processor CLIQ

The FTC aims to hold CLIQ accountable for alleged non-compliance.Highlights: FTC files contempt motion against CLIQ for ignoring...

FTC Tightens Control Over Payment Processor Cliq in Contempt Ruling

Federal Trade Commission seeks legal action against Cliq for non-compliance.Highlights: FTC asks court to hold Cliq in contempt...

Portage Takes Over Management of Point72 Ventures’ Fintech Assets

Significant shift in fintech investment strategy announced by Portage.Highlights: Portage Management has taken over Point72's fintech assets.The move...

Portage Takes Over Management of Point72 Fintech Assets, Strengthening Market Position

Portage enhances its portfolio by managing Point72's fintech investments. Highlights:Portage assumes management of Point72's fintech investments. This move...