Israeli startup Peech on Monday announced the completion of an $8.3 million seed round. This round of financing was led by Ibex Investors, with participation from Cardumen Capital, Fresh Fund and angel investors Nas Daily and Ariel Maislos. Following successful beta programs with SimilarWeb, Namogoo, Hibob, Natural Intelligence, Circles and others, Peech is opening the platform to new clients and will use the funding to expand its AI capabilities and diversify its media creation solutions.
“Brands must be more authentic, have head-to-head conversations with consumers, and create human connections to break up content clutter and attract customers who no longer want to be manipulated by marketing gimmicks,” said Danielle Dafni, CEO and co-founder of Peech. “With Peech, brands are freed from their reliance on external experts, tools or websites, allowing content teams to create high-quality video content themselves, while maintaining professional and brand standards. Our goal is to allow content teams to focus on producing great and authentic content, and Peech takes care of the rest.”
Peech’s automated video editing solutions leverage machine learning and natural language processing (NLP) technologies to convert in-house media content into high-quality branded videos in seconds. Peech’s algorithms analyze the speaker’s verbal content and add visual elements that match each company’s brand book, the context of the speaker’s content, the desired distribution channels, and specific marketing goals.
“People are watching more video than ever before, and it’s clear that professional and impactful video content is the future of digital marketing,” said Nicole Priel of Ibex Investors. “We believe Peech’s solution will transform content teams. the rules of the game and become a must-have tool for brands looking to expand their marketing efforts.”