Artificial Intelligence1 min read

Dashverse shuts DashReels, seeks $40m for AI push

By · Published by Everything Blog

In short

Dashverse has ended operations for DashReels as it moves away from the costs of acquiring and monetizing its own consumer audience. Instead, the company is focusing resources on Frameo AI, an artificial intelligence platform designed to help entertainment companies produce video content. Leadership is pitching this business-to-business model to potential backers to raise between $30 million and $40 million, though the funding discussions remain in an early stage.

Key points

  • Dashverse is targeting between $30 million and $40 million to support its new artificial…: Dashverse is targeting between $30 million and $40 million to support its new artificial intelligence venture.
  • The startup has pivoted entirely from consumer-facing microdramas to business-to-business…: The startup has pivoted entirely from consumer-facing microdramas to business-to-business video software solutions.
  • Discussions regarding the proposed multimillion-dollar capital raise are currently in the…: Discussions regarding the proposed multimillion-dollar capital raise are currently in their preliminary phases.

Sources checked by our analysis pipeline: 1

Peak XV Partners-backed Dashverse has discontinued its consumer microdrama platform, DashReels, and is looking to raise $30-40 million as it shifts its focus to selling artificial intelligence (AI)-powered video production software to entertainment companies, according to people aware of the developments.The Bengaluru and San Francisco-based startup is pitching its business-to-business software platform, Frameo AI, to prospective investors as it

Dashverse shuts DashReels, seeks $40m for AI push

Synopsis

The Bengaluru and San Franciscobased startup is pitching its businessto-business software platform, Frameo AI, to prospective investors as it moves away from acquiring and monetising viewers through its own app. The proposed fundraise is at an early stage, the people said.

Now Playing

Artificial Intelligence