COMPANY INFO
Pika's actual company name is Mellis, Inc., also known as Pika Labs. It was founded in 2023 by Demi Guo and Chelin Meng, two former Stanford AI PhD students. The company has around 48 employees as of 2024 and is headquartered in Palo Alto, California. Pika operates in the AI video generation industry, offering an AI platform that enables users to create and edit videos from text prompts and images. Their technology democratizes professional-quality video creation by making it accessible and easy for anyone to produce videos on demand.
Pika, also known as Mellis, Inc. or Pika Labs, was founded in 2023 by Demi Guo and Chenlin Meng, both former Stanford AI PhD students. Headquartered in Mountain View, California, Pika operates within the AI video generation industry. The company’s platform enables users to effortlessly create and edit high-quality videos from text prompts and images, democratizing professional-grade video production through artificial intelligence. As of 2024, Pika has grown its team to approximately 48 employees and continues to innovate in the technology, information, and internet sector.
Since its inception, Pika has attracted significant attention from investors, reflecting the strong demand for next-generation AI-powered content creation tools. In a relatively short period, Pika has raised a total of $115 million across four funding rounds. Its funding trajectory demonstrates a rapid scaling strategy, with major infusions from leading venture capital firms to strengthen product development, enhance user experience, and compete with established players in the space. Key milestones include a high-profile Series B round at a $700 million valuation, demonstrating investor confidence in Pika's growth and long-term potential. The company’s funding rounds have consistently supported its vision to become a leader in AI-driven video generation.
This Series B round provided Pika with $80 million in capital at a $700 million valuation. The funds are allocated to help Pika compete with established industry players and further improve its user experience.
The Series A round brought in $35 million, with a focus on enhancing product features and scaling operational capabilities to meet growing user demand.
Pika secured $5 million in seed funding to further develop its AI-driven video platform and expand its engineering and operational teams.
An initial pre-seed round raised $15 million, kicking off the development of Pika’s AI video creation technology.
Spark Capital led Pika’s Series B round and has played a significant role in providing the resources needed for Pika to scale and push its technology to new heights.
Greycroft is recognized for backing innovative technology companies and has supported Pika’s growth with strategic guidance and resources.
Lightspeed Venture Partners led Pika’s Series A round, demonstrating strong belief in the company’s vision and contributing to its product development and market expansion.
Actor and entrepreneur Jared Leto has joined as an investor, adding both capital and visibility to Pika’s funding rounds.
Homebrew is a venture capital firm that supports early-stage technology startups and played a part in Pika’s investment rounds.
Gov.cz is also listed among Pika’s investors, helping to round out a diverse cohort of supporters.
SV Angel contributes early-stage funding and mentorship, bolstering Pika’s strategic direction and growth efforts.
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