Deepsync Technologies, a startup that uses AI to produce High Quality and long format audio-content at 10x less time and cost, announced that it has raised about $300,000 from three angel funds – Anicut Angel Fund, 9Unicorns and Firstcheque.
Early-stage investor Zeroth.AI also participated in the funding round, as reported by ETtech.
The startup will use the funding to expand business operations, ramp up tech and product development, and expand its technology team.
“Imagine being able to create high-definition content without the need for equipment other than your laptop. Under this new paradigm, every creator would be able to do so, with AI working as a creative counterpart,” said Ishan Sharma, co-founder, Deepsync Technologies.
Anjan Ghosal and Venkat Raju were the leads in this investment on behalf of Anicut Angel Fund while the other investors who participated in this round through the fund were Ashvin Chadha, Sanjiv Bajaj, Varun Thapar, Pran Mehra, and Tushar Singh. A representative of the fund will join the board of Deepsync Technologies.
“Voice revolution is happening and demand is exploding. Traditional methods of (voice) content production won’t cut it,” said Venkat Raju, an angel investor in the startup. “Deepsync has the right product at the right time and I expect them to ride this wave to become a market leader in this space.”
Anicut Angel Fund marks its second investment in the startup. Anicut Capital is the sponsor of Anicut Angel Fund and manages two funds in the small and medium enterprises debt segment, with assets under management of about $100 million.
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