AI video generation tool Haiper completed a $13.8 million seed round led by Octopus Ventures

AI video generation tool Haiper has completed a $13.8 million seed round of financing with Octopus Ventures leading and 5Y Capital participating, as reported by TechCrunch. Haiper previously completed a $5.4 million pre-seed round of financing in April 2022, with angel investors including Phil Blunsom and Nando de Freitas.It is reported that Haiper was launched by former DeepMind members Yishu Miao and Ziyu Wang. Users can generate videos for free on the Haiper website by entering text prompts, although there are certain limitations. Haiper is planning to expand its video generation capabilities and has already explored commercial use cases with companies such as JD.com.