Electric Sheep, an AI tech startup in VFX, has announced the close of an oversubscribed pre-seed funding round of half a million dollars.
The round was filled by AI focused VCs, led by Dasein Capital (US), and backed by Spatial Capital (US) and Look AI Ventures (Czech Republic).
Electric Sheep is designing a solution to automate rotoscoping for film and TV.
Electric Sheep’s cloud-native solution, Spotlight, can process “1 second of footage in less than a minute.” Steven Sullivan, Partner at Spatial Capital and former Senior Technology Officer of LucasFilm said: “Electric Sheep’s cutting-edge cloud and AI platform is poised to revolutionise several core VFX workflows. They’re taking a smart and pragmatic approach to accelerate some of the most tedious post-production tasks.”
Electric Sheep’s decision to go cloud-native aligns with MovieLabs – a joint venture research lab run by Paramount, Sony, Universal and Disney – that advocates for the industry to be fully cloud based by 2030 in their whitepaper.
Electric Sheep will use this capital injection to build and enhance Spotlight, the industry’s first AI rotoscoping tool “capable of the detail needed for Hollywood.” Spotlight is designed for industry workflows by outputting an editable layer that allows VFX artists to make key adjustments.
“We are excited to partner with three investors with considerable experience in AI, VFX, and building at scale.” says Gary Palmer, CEO at Electric Sheep. “Flawless background removal negates the need for onset green screens, empowering creatives to capture the energy of the scene without compromising the final image.”
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