Utopai Studios, an AI film and video company, has completed a $60 million financing round that values the business at $1 billion, according to Techub News. The company, which has been operating for four years, also received investment interest for a follow-on round in the $2 billion to $3 billion range during the same period. On the product side, its custom video model, Utopai X, ranked second on Artificial Analysis' global text-to-video and image-to-video leaderboard. The item cited Quantum Bit as the source of the information.
Utopai Studios, an AI film company, has completed a $60 million financing round at a $1 billion valuation, according to Techub News.
The company has been in operation for four years. During the same period, it also received investment interest for a next round in the $2 billion to $3 billion range.
Its custom video model, Utopai X, ranked No. 2 on Artificial Analysis' global text-to-video and image-to-video leaderboard.
The item cited Quantum Bit.
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