Entertainment tech entrepreneurs Michael and Peter Cioni have raised $1.9 million in pre-seed funding to launch their new company Strada, which is aimed at building an AI-enabled cloud platform with tools for production and postproduction.
Announced backers include filmmakers Glenn Ficarra and John Requa (Rabbit Hole, This Is Us, Crazy, Stupid, Love); Jason Fotter, a co-founder and former Cto of VFX studio FuseFX; and an investment group behind Donut Media, Endcrawl, Goldieblox and principals of Ataboy Studios.
“We’re starting a new company that is focused on AI technology for workflow,” says CEO Michael Cioni, noting that while generative AI is currently a hot topic, “we believe that AI is going to be equally as valuable and powerful in the [utility] space, which is the workflow space, the tasks that nobody wants to do.”
The plan is to launch a cloud platform with an a la carte subscription “marketplace” of tools for editors,...
Announced backers include filmmakers Glenn Ficarra and John Requa (Rabbit Hole, This Is Us, Crazy, Stupid, Love); Jason Fotter, a co-founder and former Cto of VFX studio FuseFX; and an investment group behind Donut Media, Endcrawl, Goldieblox and principals of Ataboy Studios.
“We’re starting a new company that is focused on AI technology for workflow,” says CEO Michael Cioni, noting that while generative AI is currently a hot topic, “we believe that AI is going to be equally as valuable and powerful in the [utility] space, which is the workflow space, the tasks that nobody wants to do.”
The plan is to launch a cloud platform with an a la carte subscription “marketplace” of tools for editors,...
- 9/14/2023
- by Carolyn Giardina
- The Hollywood Reporter - Movie News
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.