Video generation and editing platform D-ID said on Tuesday it has acquired Berlin-based B2B video creation platform SimpleShow. The two companies did not disclose the financial terms of the transaction.
D-ID CEO Gil Perry told TechCrunch that SimpleShow’s products will run under the D-ID umbrella and will eventually merge the two platforms.
SimpleShow was founded in 2008 and has raised more than $20 million in funding, according to Crunchbase data.
The startup has offices in Berlin, Luxembourg, London, Miami, Singapore, Hong Kong and Tokyo. As part of the merger, the company will merge its offices in Berlin, Tel Aviv and the United States. D-ID did not mention SimpleShow’s team size, but said the merged entity would have 140 employees.
“SimpleShow initially looked at us for strategic partnerships. We saw synergy between the management team and the product,” Perry said. “We felt we needed to increase our speed to capture the large scale,” he said. [part of the enterprise avatar video] market. We think getting a simple show will provide us with the necessary improvements. ”
Both companies see a long future for digital avatars for different types of videos, including training, marketing and sales. D-ID already exists A set of interactive avatars driven by AI It is provided to customers.
When I joined the company a decade ago, it was largely an agency that made videos for businesses and businesses.
“To achieve scale and serve more customers, we decided to build a SaaS-based technology platform,” Boehrs told TechCrunch. “One of the first tools we launched was to provide customers with text-to-video tools in 2017.”
Boehrs added that over the past few years, with the rise of AI, it began to talk with companies like Syria to seek potential partnerships and eventually landed on D-ID for acquisitions.
In addition to its products, SimpleShow brings over 1,500 enterprise customers, including Adobe, Audio, Airbus, Microsoft, Microsoft, Bayer, HP, T-Mobile, McDonald’s, Ebay and Deutsche Bank. D-ID’s Perry mentioned that this will raise the company’s bottom line and bring it closer to profitability.
Going forward, D-ID hopes to build interactive training videos that will cause users to interrupt AFATAR-presented videos and ask them questions or take quizzes.
D-ID pair Enterprises adopt digital avatars In a company like this Syria and soul machines. Such as Google and McKinsey Solutions are also being developed to allow customers to use digital avatars.
D-ID has raised $60 million in funding to date. The company said it had received funds to fund the acquisition, but did not disclose the money.
