Bengaluru-based technology startup Deepsync Technologies has raised $300,000 in a round led by an early stage investor Anicut Angel Fund. This is the second round of fundraising for the company. As per its website, early-stage investor Zeroth.AI has also invested in the company.
Launched in 2019, Anicut Angel Fund provides early-stage capital to startups. 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.
Deepsync Technologies was founded by Ishan Sharma and Rishikesh Kumar in December 2018. In the times where digital media is seeing a rapid growth, Deepsync aims to solve problems in audio production to produce high-quality content.
Deepsync Technologies uses AI for content production by allowing creators to replicate their voice. According to the startup, this will allow content to be produced 10x faster than manually producing it, saving long hours on the recording, editing, and post-production.
Ishan Sharma, Co-founder, Deepsync Technologies talking about the company says, “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.”
Lead investor Venkat Raju said, “Voice revolution is happening and demand is exploding. 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.”
Anjan Ghosal of Anicut said, “AI-generated voice is now an integral part of everyday life and the demand for content is significant. The Deepsync product offers a combination of high quality, rapid production, and reasonable cost, exactly what the market needs.”