D-ID Team (Facebook pic)
D-ID, an Israeli startup that offers AI-driven creative media services, raised $25 million in a Series B round of investment led by investment firm Macquarie Capital. With this new round of funding, D-ID’s total investment to date has reached $48 million.
Founded in 2017, D-ID’s Creative AI enables the automagical transformation of any picture or video into extraordinary experiences. Our technology is used by leading marketing agencies, production companies, and social media platforms globally.
D-ID uses AI and deep learning to develop reenactment-based products ranging from animating still photos to developing high-quality digital avatars. D-ID’s wide range of customers includes Warner Bros. Studios, Mondelez, Publicis and MyHeritage, whom D-ID partnered with to create the viral sensation Deep Nostalgia, which has created nearly 100M animations since its launch, and more recently, LiveStory, which enables the creation of AI-generated biographical videos narrated by photos of users’ ancestors.
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D-ID has also partnered with The Glimpse Group (NASDAQ: VRAR), a diversified virtual reality and augmented reality platform, to develop AI, AR and VR applications for the Metaverse. D-ID is leading the charge to leverage Synthetic Media for good. The company has worked with nonprofit organizations and governments in public awareness campaigns on sensitive issues such as domestic violence and HIV awareness.
In early March, the company was named by Fast Company as one of the Most Innovative Companies of 2022 in EMEA. In February, D-ID won best use of AI in the Digiday Marketing and Advertising Awards Europe, and in January, the company’s proprietary Live Portrait technology was named a finalist for the prestigious SXSW Innovation Award.
“Over the past year we have witnessed the skyrocketing success of our technology across so many applications and industries, with the power to generate so much good,” said Gil Perry, CEO and Co-Founder of D-ID. “We are incredibly grateful for this new round of funding and strong partnership with Macquarie, which will enable us to scale up our business and our technology to the next level. We’re excited for what the future holds.”
