Ex-Ramp engineers raise $20M for platform Melius after scrapping their first product
Instead of helping marketers manage and optimize ad spend, the company is focusing on building the tools that generate the creative assets and campaigns.
Instead of helping marketers manage and optimize ad spend, the company is focusing on building the tools that generate the creative assets and campaigns.
Higgsfield, founded by former Snap exec Alex Mashrabov, lets users create AI images and videos.
The Media Router is a tool that automatically selects the best image, video, or audio generation model for a request based on whether a developer prioritizes quality, speed or cost.
Luma introduced Luma Agents, powered by its new “Unified Intelligence” models, designed to coordinate multiple AI systems and generate end-to-end creative work across text, images, video and audio.
AI expands access to filmmaking for resource-constrained creators. But as efficiency becomes the industry’s north star, creativity risks being overwhelmed by a deluge of low-effort, AI-generated content.
Startup Runway has raised a $315 million round at a $5.3 billion valuation, funds it will use to expand beyond AI video generation and into world models.
Higgsfield says it’s on a $200 million annual revenue run rate. So it opened its previous Series A round back up and sold another $80 million in shares.
Luma AI’s new model is available through the company’s Dream Machine platform.
OpenAI’s hit AI video app, Sora, is getting a wave of new features, including video editing tools, pet and object “cameos,” and enhanced social options. The Android app is also “coming soon.”