Octopus Ventures led the Series A round to support machine learning research and language expansion.
"People retain up to 70% more information when watching videos dubbed in their native language. With truly emotive cross-lingual AI dubbing, we can tackle all forms of content, making video and audio more accessible and enjoyable for everyone. This funding will allow us to double down on our promising research and break into new content categories."
The seed round was led by Point Nine with backing from 20VC and Entrepreneur First.
"I’m a big fan of sharing funny GIFs with friends, but for high quality product animations, we need a format and tool that’s fit for purpose. With LottieLab, we are decluttering the motion design process and bringing it into the 21st century. LottieLab has all the benefits of modern design tools fit for today’s product development teams; being web-based, collaborative and simple, and crucially, there’s no After Effects qualification needed to use it. This is one of the first steps we are taking towards our mission of democratising motion design for everyone, everywhere and to create a world of storytellers, making the web more fun through animations. I’m over-the-moon that Point Nine and our other investors have decided to join us on this journey."
The funding round was co-led by Octopus Ventures and Anthemis Group with participation from various angel investors and funds.
"The main hurdle for many parents to effectively save for their children’s future is a lack of awareness about what they can do and a lack of tools that help them do that easily. The money we’ve raised today is going to give us the opportunity to change this, providing better education to families and building financial products and tools solely designed for families."
The London-based wearable technology startup raised the capital from backers including Chevron Technology Ventures and Vinci.
"Clear voice communication is particularly valuable in hazardous areas. Our trial of the Mobilus device helped us assess its potential to enhance worker safety, particularly in high-noise industrial environments,"
— Barbara Burger, Vice President, Innovation and President of Technology Ventures