Kinetix, a Paris-based AI-assisted 3D animation pioneer, just announced that it has bagged $11 million in seed funding.
Stellar list of investors
The financing round was led by Adam Ghobarah, founder of Top Harvest Capital and former longtime executive at Google and Google Ventures. Also, it saw participation from multiple virtual worlds, including The Sandbox & ZEPETO.
In addition, the company received investment from top Web3 players, including Sparkle Ventures, co-managed by Animoca Brands, Entrepreneur First, and successful entrepreneurs including Alexandre Yazdi (CEO of Voodoo), Xavier Niel (Founder of Station F), and William O’Farrell (Founder of Body Labs and After Effects).
The proceeds of this funding round sets the stage for achieving its vision of humanising the Metaverse and fostering partnerships with the most exciting virtual worlds out there such as The Sandbox and ZEPETO.
“Kinetix immediately stood out for me, by the quality of the founders, the quality of the machine learning technology, and the scope of the opportunity for no-code AI in video and Web3,” said Adam Ghobarah, Founder of Top Harvest Capital.
“Our collaboration with Kinetix is very exciting, the promise of their technology is to facilitate the creation of rich animations for avatars from any video capture, contributing to defining the future of digital expression and its monetization in Web3,” said Sebastien Borget, Co-founder & COO of The Sandbox.
“We are providing a platform to drive user generated content in the Metaverse,” said Yassine Tahi, co-founder & CEO of Kinetix. “By making creation fast and easy, we allow millions of users to design their own animated avatars and express their personalities in free and fun ways.”
AI-based 3D animated avatars
Founded in 2020 by Yassine Tahi and Henri Mirande, Kinetix has created a no-code platform that allows Web3 and content creators to transform any video into 3D animated avatars. Its free AI-powered platform makes 3D creation accessible to millions of creators around the world.
With Kinetix, everyone can now easily produce films, concerts, group dances and video games for virtual worlds. It lets anyone generate fully featured 3D animations to share and integrate into virtual worlds, opening up new ways of self-expression in the Metaverse. It is compatible with any metaverse and 3D platform.
Given that there is a massive growth of virtual worlds, there is an increased need for easy-to-use platforms such as Kinetix that enable users to create 3D content and to monetise the same. That is where Kinetix comes in with its AI-powered technology. No longer is 3D creation a complex process as this startup lets creators simply upload snippets of video, integrate assets from the Kinetix library, which includes assets from Adobe Mixamo and Ready Player Me, choose their design and soon have a fully rendered 3D identity.
What’s more, Kinetix empowers user-generated content in Web2 and Web3, allowing for new forms of expression in the existing and future metaverses. This will boost engagement and lead to the emergence of new categories of user-generated content-based (UGC) games and experiences.