Dubverse.ai, an Artificial Intelligence (AI) based startup has raised $800,000 in seed funding round from Kalaari Capital.
The startup plans to use the funds to further develop its product, where videos can be dubbed into multiple languages. It also intends to use the funds to build a creative tool to help content creators.
Gurugram-based Dubverse.ai was founded in 2021 by Varshul Gupta & Anuja Dhawan, It supports real-time dubbing for videos in multiple languages and these videos can be shared later by the content creator.
“We want to create a platform where the tone and the feel of the voice also remain the same,” said, Anuja Dhawan, Co-founder of Dubverse.ai
Over the past two years, with increased access and dependence on the Internet during the pandemic, there has been an increase in the consumption of video content.
According to Statista, 61 percent of GenZ and Millennials were watching more videos on social media apps during the COVID-19 pandemic, Not only English or Hindi shows, people also started watching Tamil, Telugu, Malayalam and Spanish TV series and movies, among other language content.
According to a new FICCI-EY report released earlier this year, regional content consumption will account for about 50 percent of total video streaming consumption by 2025 – up from about 30 percent in 2020.
“While the global digital adoption is at its peak, there is still a huge barrier in consuming the internet for non-English users. We, at Dubverse, believe generative AI can help bridge this gap. Dubverse re-creates videos using our exclusive AI with humans in the loop system to deliver the highest quality video,” said, Varshul Gupta, Founder, Dubverse.ai.
They at Dübverse is an AI startup working on a product that is automatically dubbing video content to multiple languages decreasing the cost and time of video recreation. They have a product which is a video-in, video-out use case, where they intake the processed video in one language and deliver the ready video in another language.