About Pika Labs
Pika Labs is a company based in Palo Alto (United States) founded in 2023 by Demi Guo and Chelin Meng.. Pika Labs has raised $115 million across 3 funding rounds from investors including Lightspeed Venture Partners, Homebrew and SV Angel. The company has 9 employees as of December 31, 2023. Pika Labs offers products and services including Pikatwists Tool. Pika Labs operates in a competitive market with competitors including Synthesia, HeyGen, Unscript, Kapwing and Elai.io, among others.
- Headquarter Palo Alto, United States
- Employees 9 as on 31 Dec, 2023
- Founders Demi Guo, Chelin Meng
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Mellis Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$115 M (USD)
in 3 rounds
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Latest Funding Round
$80 M (USD), Series B
Jun 04, 2024
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Investors
Lightspeed Venture Partners
& 12 more
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Employee Count
9
as on Dec 31, 2023
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Products & Services of Pika Labs
Pika Labs offers a comprehensive portfolio of products and services, including Pikatwists Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables manipulation of characters and objects in videos while keeping other elements intact.
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Funding Insights of Pika Labs
Pika Labs has successfully raised a total of $115M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $80 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $80.0M
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First Round
First Round
(09 Dec 2022)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - Pika Labs | Valuation | Spark Capital | |
| Nov, 2023 | Amount | Series A - Pika Labs | Valuation | Lightspeed Venture Partners | |
| Dec, 2022 | Amount | Grant - Pika Labs | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pika Labs
Pika Labs has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Homebrew and SV Angel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Capital and counsel are provided to mission-driven founders by Homebrew.
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Founded Year | Domain | Location | |
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Early-stage investments are provided to transformative technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pika Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pika Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pika Labs Comparisons
Competitors of Pika Labs
Pika Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Synthesia, HeyGen, Unscript, Kapwing and Elai.io, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based dubbing and subtitling solutions are provided for video content.
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| domain | founded_year | HQ Location |
AI-powered video creation platform
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| domain | founded_year | HQ Location |
Videos are generated from scripts via AI algorithms.
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| domain | founded_year | HQ Location |
Video creation and editing platform
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| domain | founded_year | HQ Location |
Videos from text are generated via AI-powered SaaS platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pika Labs
Frequently Asked Questions about Pika Labs
When was Pika Labs founded?
Pika Labs was founded in 2023.
Where is Pika Labs located?
Pika Labs is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Pika Labs?
Demi Guo is the current CEO of Pika Labs. They have also founded this company.
Is Pika Labs a funded company?
Pika Labs is a funded company, having raised a total of $115M across 3 funding rounds to date. The company's 1st funding round was a Grant of $225.92K, raised on Dec 09, 2022.
How many employees does Pika Labs have?
As of Dec 31, 2023, the latest employee count at Pika Labs is 9.
What does Pika Labs do?
Developer of a platform for creating and interacting with digital art. The platform provides tools for artists to produce unique digital artworks. It also allows users to engage with and experience art in new ways.
Who are the top competitors of Pika Labs?
What products or services does Pika Labs offer?
Pika Labs offers Pikatwists Tool.
Who are Pika Labs's investors?
Pika Labs has 13 investors. Key investors include Lightspeed Venture Partners, Homebrew, SV Angel, Ben's Bites, and Adam D'Angelo.
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