AI Video Generation Tool Haiper Raises $13.8 Million in Seed Funding

According to PANews, former DeepMind members Yishu Miao and Ziyu Wang have launched an AI video generation tool called Haiper. The tool is based on a unique AI model and aims to address the challenges of video generation. Haiper has raised $13.8 million in seed funding, led by Octopus Ventures and participated by 5Y Capital. Prior to this, angel investors including Phil Blunsom and Nando de Freitas helped the company complete a $5.4 million pre-seed funding round in April 2022. Users can generate videos for free on the Haiper website by entering text prompts, although there are certain limitations. The company is planning to expand its video generation capabilities and has been exploring commercial use cases with companies including JD.com.