Adobe Announces Acquisition of Rephrase.ai, an AI Video Startup in India
Adobe Systems, a leader in digital media solutions globally, is reportedly acquiring Bengaluru-based company Rephrase.ai to increase its generative AI capabilities.
Rephrase.ai — helped to establish by Shivam Mangla, Ashray Malhotra, and Nisheeth Lahoti, alumni of IIT Bombay and IIT Roorkee — improves on video creation, changing text into proficient looking recordings, and gathered consideration in the quickly developing text-to-video AI generation space.
The obtaining, declared by Mangla however not openly affirmed by Adobe, would line up with its continuous interest in generative artificial intelligence, proved by the new send off of Adobe Firefly and improved man-made intelligence highlights in Photoshop. Adobe didn’t answer Decode’s solicitation for input.
Rephrase.ai CEO Mangla shared his excitement on social media by praising his team’s accomplishments and journey.
“Rephrase.ai is getting acquired by a pioneering creative tech company, ushering us into the new era of Generative AI,” Mangla wrote, explaining how the Techstars incubator program, key partnerships, celebrity collaborations, and a successful expansion into the U.S. market fueled the startup’s journey.
“Thanks to 50k+ users who placed their trust in Rephrase products over the years, and we’ll remember the trust and love you put in while working with us,” he continued. “As we begin this new chapter in a larger org, the possibilities are endless.”
Growing wave of AI for text-to-video
The text-to-video AI generation area has developed significantly, with organizations like Meta delivering Emu Video and RunwayML driving the space with its intelligibility abilities. Moreover, Pika Labs and Security computer based intelligence have presented well known video age models, with the last option as of late uncovering Stable Video Dissemination, an open-source elective equipped for producing great recordings in higher goal.
Stable Video Diffusion offers two models, SVD and SVD-XT, which support video age at rates going from three to 30 edges each second. This turn of events, revealed by Decode recently, adds to the powerful scene of artificial intelligence driven video age.
Adobe’s accounted for securing of Rephrase.ai is one more step in the right direction in its plan of action. The media programming goliath had previously shared an instrument that utilizes computer based intelligence to “inpaint” recordings and alter their appearance. In any case, video age without any preparation is more troublesome on the grounds that the artificial intelligence model has no reference to work with (pixel space) and everything happens algorithmically (in the dormant space).
This procurement comes as India’s generative computer based intelligence startup environment picks up speed. As per Inc42’s 2023 report on the ‘Generative simulated intelligence Startup Scene,’ Indian new companies in this space have raised more than $440 million beginning around 2019. Rephrase.ai’s example of overcoming adversity, remembering $13.9 million for complete subsidizing and a critical round drove by Red Endeavors, positions Adobe well in this thriving business sector.
As Adobe coordinates Rephrase.ai’s innovation with its Inventive Cloud, including Head Star and Eventual outcomes, the potential for notable simulated intelligence fueled video content instruments turns out to be progressively tangible.