AI-powered text-to-video platform Oxolo secured €13 million in funding
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This funding will be used to expand Oxolo's team
Oxolo, a company established in 2020 and specializing in generative AI video technology, has recently secured €13 million in Series A funding. Oxolo's platform leverages generative AI to create automated videos, such as product advertisements and social media content, complete with AI-powered chatbot avatars. Using customizable templates, users can rapidly generate numerous product videos, boosting sales, search visibility, and viewer engagement.
Oxolo intends to utilize this investment to further its research and development efforts, expand its team, and advance its commercialization initiatives.