# Hour One AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hour-one-ai

- Industry: Internet
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.hourone.ai
- Total disclosed funding: $25M
- Latest round: Series A (Apr 25, 2022)
- Investors on record: 7

## About

Hour One AI LTD is a technology company specializing in generative AI-driven video production, offering tools that enable users to create high-quality videos efficiently and effectively.Founded in 2019 and headquartered in Tel Aviv-Yafo, Israel, Hour One AI LTD focuses on generative AI technologies for video content production. The company has completed three funding deals, with the most recent being a Series A round in April 2022, raising USD 20.00 mn led by Insight Partners. Founders Lior Hakim and Oren Aharon have previously been involved in other ventures, enhancing their expertise in the AI sector.Hour One specializes in generative AI-driven video production, providing a suite of tools that allows users to create professional-grade video content rapidly. Their primary offering, the AI video generator, utilizes lifelike avatars and text-to-video technology, catering to diverse applications like training videos and personalized marketing. The company serves clients globally across various sectors including media, education, and e-commerce, enhancing video communication and workflow efficiency.Hour One's revenue model is based on subscription services that grant clients access to their AI video platform. The tiered pricing structure allows businesses to select plans tailored to their production needs, accommodating both B2B and individual users. This model ensures that clients can effectively utilize Hour One's technology without requiring extensive video production experience, focusing on efficient content creation.Following the Series A funding round on April 25, 2022, which raised USD 20.00 mn from Insight Partners and other investors, Hour One plans to enhance its platform capabilities. The funding will be used to streamline the process for users to become virtual humans on the platform, ensuring access to studio-quality video production and complete automation from mobile devices. The company aims to expand its market presence further, targeting new geographic regions and industries by the end of 2023.

## Funding rounds

- Series A, Apr 25, 2022, $20M — Insight Partners, DHVC, Cerca Partners, Kindred Ventures, Remagine Ventures, Galaxy Asset Management, Tapestry Venture Capital
- Seed, Aug 18, 2020, $5M — Kindred Ventures, Remagine Ventures, Galaxy Asset Management, Tapestry Venture Capital
- Seed, Mar 13, 2019 — Remagine Ventures

## Investors

- Remagine Ventures (https://capitalatlas.ai/funds/remagine-ventures) — Seed, Series A
- Kindred Ventures (https://capitalatlas.ai/funds/kindred-ventures) — Seed, Series A
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Seed, Series A
- Tapestry Venture Capital (https://capitalatlas.ai/funds/tapestry-venture-capital) — Seed, Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A
- DHVC (https://capitalatlas.ai/funds/dhvc) — Series A
- Cerca Partners (https://capitalatlas.ai/funds/cerca-partners) — Series A