Adobe has reportedly acquired Bengaluru-based Rephrase.ai. According to a report in Economic Times, Rephrase.ai runs a man-made intelligence (AI)-powered video creation platform. The US software program main reportedly seems to combine Rephrase’s tech stack and generative AIvideo capabilities with its in-house video-editing platform, Creative Cloud, and bolster its choices.The transaction is anticipated to assist Adobe speed up its means to provideAI-powered video content material instruments to its prospects.Rephrase.ai is a Bengaluru-based startup that gives a text-to-video era platform that’s claimed to take away complexities and assist customers create skilled wanting movies. Rephrase.ai additionally helps influencers and video creators construct digital avatars and permits advertising groups. The firm was based by IIT Bombay graduates, Ashray Malhotra, Nisheeth Lahoti and IIT Roorkee alumni Shivam Mangla. It has raised $13.9 million until date. In September, final yr, the firm raised $10.6 million in a spherical led by US media firm Red Ventures. Other backers of the startup embody Lightspeed India, Silver Lake, 8VC, Techstars.What about Rephrase’s employeesAs a part of the deal, a majority of Rephrase’s group members will be a part of Adobe. The report didn’t give particulars on the ultimate deal measurement. The report provides that with the acquisition, Rephrase’s traders will seemingly be given a whole money exit, with the founders being paid in money and Adobe inventory.Why is the deal importantAdobe’s Rephrase.ai purchase is critical because it marks the first-ever deal for the US-based software program main in the generative AI and video-tooling house. It additionally makes Rephrase the first Indian startup to be acquired by Adobe, which has largely struck such offers in its residence market, the US, and in Europe.Adobe’s inside memo to staff on Rephrase.ai’s purchase“The Rephrase.ai group’s experience in generative AI video and audio know-how and experience-building text-to-video generator instruments will prolong our generative video capabilities — and allow us to ship extra worth to our prospects sooner — all inside our industry-leading inventive purposes,” Ashley Still, senior vp and normal supervisor, Creative Cloud, wrote in an inside memo to staff.In March, Adobe introduced its entry into the generative synthetic intelligence (AGI) house with a brand new mannequin, Firefly, in beta launch mode. The transfer is alleged to be centered on bringing generative AI instruments to its suite of apps and companies. Last month, at Adobe Max, its annual creativity convention, the firm previewed its generative AI-to-video capabilities.
https://timesofindia.indiatimes.com/gadgets-news/adobe-buys-indian-generative-ai-startup-rephrase-ai-what-makes-the-deal-important/articleshow/105425071.cms
Search Engine Optimization: Adobe buys Indian generative AI startup Rephrase.ai: What makes the deal important
