This new financing was led by Red Ventures, a global company with a diverse portfolio of brands and businesses focused on offering premium content and personalized digital experiences, including Lonely Planet, CNET, Healthline, Bankrate, The Points Guy, NextAdvisor, and more. Silver Lake, the global leader in technology investing and an investor in Red Ventures, also participated in the round, in addition to 8VC and other investors.

Rephrase.ai is a deep learning company that uses Artificial Intelligence (AI)to create synthetic video content. With the help of its AI technology, Rephrase.ai can clone any person to create their digital avatar. Using its re-generative AI platform, Rephrase.ai helps businesses create synthetic videos of real humans to communicate with their customers, employees, and other stakeholders with only text required as input. The Company was founded in 2019 by Ashray Malhotra, Nisheeth Lahoti, and Shivam Mangla, who are IIT alumni and Forbes Asia 30 under 30.