Sept 8th, 2020: Deepsync Technologies, which allows users to clone their voice to augment content production through Artificial Intelligence (AI), has raised about $300,000 (Over Rs 2.2 crore) from three angel funds Anicut Angel Fund, 9Unicorns and Firstcheque.
The startup is expected to use the capital to expand business operations, ramp up tech and product development, and expand its technology team. This is the second round of fundraising for the company. Early-stage investor Zeroth.AI is an existing investor in the company.
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.
Founded in December 2018 by Ishan Sharma and Rishikesh Kumar, 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.
AAS Regina Legal, led by Founding Partner Ankita Singh and Associates Shubham Patel, Yash Vardhan Singh and Shifali Singh advised Anicut Angel Fund. AAS Regina Legal was founded in January 2019 and comprises of a team, with core expertise on advising investors and start-ups, assisted the Investors through the entire lifecycle of deal commencing from structuring the transaction, drafting and negotiating the transaction documents and eventually closing.
The deal was announced on September 7th, 2020.