See the original story in Japanese.
Taiwan-based AI startup GliaCloud told The Bridge today that it has secured $500,000 in a seed round. This round was led by Infinity Venture Partners (IVP) with participation from unnamed several angel investors.
GliaCloud has been developing a AI-powered video creation and editing platform called GliaStudio. By understanding a topic that a user presents in form of sentences, the platform can automatically curate and edit images, video clips and infographics, also adding auto-generated subtitles or synthesized narration to them. The company’s signature technologies enabling these functions include content management, natural language processing, computer vision and video search.
The company has partnered with 10 media companies in the Greater China region, keeps generating more than 1,000 video clips each day. Partnering companies include Toutiao, the Chinese news curating app which recently fundraised $2 billion, in addition to Taiwanese leading tech news media BusinessNext.
GliaStudio supports English, Chinese and Japanese languages, aiming to primarily target e-commerce platforms and merchants as well as media companies in Greater China and Japan. With this funding having Japan-based IVP participate in as an investor, further massive expansion into the Japanese market can be probably expected. Especially for distributed media leveraging a bunch of video clips to attract viewers, the platform allows media companies to create and upload their clips to social media platforms autonomously.
GliaCloud was founded in July of 2015 by Taiwanese Canadian entrepreneur David Chen, who is strong in engineering cloud technologies and previously founded Taipei-based AdTech startup Tagtoo. The company won the Aliyun Award at the Tech in Asia Singapore startup competition back in 2016.
Edited by “Tex” Pomeroy