NTT Finance joined the recent Series B round to help D-IDENTIFIER expanding the horizons of cutting-edge digital human and reconstruction technologies
TOKYO, May 31, 2022 /PRNewswire/ — NTT Finance, a financial group company of Japanese telecommunications giant NTT, has invested in D-IDENTIFIER, the global leader in AI-powered creative media. Funding is part of D-ID recent $25 million Series B Tower. The round was led by investment firm Macquarie Capital, with significant investments from Pitango, AXA Venture Partners, OurCrowd, OIF Ventures, Maverick and Marubeni. The new brew brings D-ID total funding to $48 million.
Investment in D-IDENTIFIER was facilitated by NTT Innovation Laboratory Israel (NTT Israel), a wholly owned subsidiary of NTT that serves as an internal strategic resource for breakthrough innovation of Israel. NTT Israel’s mission is to support the business evolution of NTT Group customers, promote innovation and digital transformation. NTT Israel collaborates with Israeli companies and universities developing cutting-edge technologies in cybersecurity, digital health, AI, robotics and other diverse fields, as well as promoting business opportunities. investment with Israeli companies.
The proceeds from this funding round, with investors from three continents, will allow D-IDENTIFIER to double the number of experts in its world-class deep learning and computer vision teams, expanding the scope and reach of its pioneering technology while continuing to produce products that transform the digital-human interface. The trick will also allow D-IDENTIFIER develop and support the company’s sales and marketing teams in United StatesAPAC and EMEA.
D-ID uses AI and deep learning to develop recreation-based products, ranging from still photo animation to the development of high-quality digital avatars. D-ID wide range of customers includes Warner Bros Studios., Mondelez, Publicis and MyHeritage, that D-IDENTIFIER in partnership with to create the viral sensation deep nostalgiawho created near 100M animations since its launch, and more recently, Live story, which enables the creation of AI-generated biographical videos narrated by photos of users’ ancestors. D-IDENTIFIER also partnered with The Overview group (NASDAQ: VRAR), a diverse virtual reality and augmented reality platform, to develop AI, AR, and VR applications for the Metaverse. D-IDENTIFIER is leading the charge to leverage synthetic media for good. The company has worked with nonprofits and governments on public awareness campaigns on sensitive issues such as domestic violence and HIV Awareness.
This new round of funding follows a whirlwind of success for D-IDENTIFIER. In early March, the company was named by Fast Company as one of Most Innovative Companies of 2022 in EMEA. In February, D-IDENTIFIER won better use of AI at the Digiday Marketing and Advertising Awards Europe, and in January, the company’s proprietary Live Portrait technology was named a finalist for the prestigious SXSW Innovation Award.
“We are grateful for this vote of confidence from NTT Group and excited to embark on a meaningful partnership that will allow us to continue to expand and strengthen our relationships and reach within Japan and globally,” said Gil PerryCEO and co-founder of D-IDENTIFIER.
About NTT Finance
NTT FINANCE, which is the first company that NTT created in April 1985 after its privatization, offers financial settlements and financial services. We aim to create new value through our billing solutions business which provides billing/collection services and cloud payment services, a credit card business and a financial services business which offers various finance-related services and accounting. NTT FINANCE is a 100% subsidiary of NTT. Visit us at https://www.ntt-finance.co.jp/eng/
About NTT Israel
NTT Innovation Laboratory Israel (NTT Israel) is a strategic focal point for NTT in Israel, a global leader in providing technology and business solutions to people, customers and communities. With $112 billion of revenue and more than 320,000 employees in more than 80 countries and regions, NTT is Japan’s market leader in communications and is a Fortune 100. Established the July 2021, NTT Israel facilitates synergies between NTT and the Israeli ecosystem. The company’s offerings include open innovation processes, consulting with NTT business units, as well as laboratory and bespoke services and collaboration with academia. NTT Israel is a wholly owned subsidiary of NTT.
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D-ID is a Tel AvivCreative Reality™-based startup specializing in patented video reconstruction technology using AI and deep learning. D-ID products range from animating still photos to facilitating high-quality video productions and creating viral user experiences. With Tier 1 VC funding, D-IDENTIFIER aims to radically disrupt the time, hassle and cost of video production, enabling the creation of highly personalized media using AI, especially in e-learning, corporate training, marcomms, AI assistants , history and metaverse. With international clients, D-ID basic skills in the human face and deep learning enable its partners to create exciting and engaging content that was until now unimaginable. For more information, visit www.d-id.com.
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