Germany-based Oxolo, a generative AI startup that provides solutions for enterprises to help them create text-to-video apps, raised €13M led by DN Capital in a Series A round.
Johannes Plehn, Christian Vollmann, Stefan Wiskemann, Thomas Hagemann, Mischa Ruerup, and Alex Täubert, actively backed the round.
Germany-based Oxolo AI Raised €13M Series A
CEO Oxolo Heiko Hubertz said that the funds raised will enable further R&D, team expansion, and advancement the AI solutions.
CCO Oxolo AI Elisabeth L’Orange said that the company is at the initial stage but the team is specializing in generative AI, and AI development that helps companies with text-to-video apps across various use cases.
Oxolo AI can be used for generating videos for e-commerce, e-health, and e-learning. Users can automate content generation with Oxolo AI. Oxolo AI was founded in 2020 and now they have a team of 50 members with 500K active customers across 75 countries. Many giants including Rothschild and Deloitte use Oxolo AI for content generation.
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