Breaking news in the world of tech. Now Adobe has officially made its entry into the Indian government AI space as it has taken over Rephrase.ai. As we all know Adobe is a software giant, and now it has acquired Bengaluru-based AI startup “Rephrase.ai”. This is an AI-driven video creation platform. This news has been shared by the co-founder of the Bengaluru-based AI startup, Shivam Mangla. he shared this news on his official Twitter (X) account on 22nd November 2023, Wednesday. He also shared this news on microblogging site. To know what exactly he has stated, read this article till the end and do not miss any line of this article.
Yesterday it was officially announced that now the biggest company Adobe is going to make its entry in India as Adobe has now officially acquired the Bengaluru-based AI start-up, Rephrase.ai. This has been recently announced by the cofounder of Repharase.ai. He announced this news on microblogging ie where he wrote that https://Rephrase.ai has been acquired by the pioneering creative tech company, ushering the start-up into the new era of AI technology. He also announced this news on his official Twitter (X) account where he wrote, as we have started a new chapter in the larger organization so there are some completely endless possibilities. They are very excited to see what their teams are going to create next in the world of AI. The future is going to be absolutely creative and bright.
Rephrase.ai is a site where you can convert your text into engaging AI Videos in just a few minutes. You can create realistic videos with the digital avatars. As Adobe has taken over Rephrase.ai what about their employees? To know about them just look at the next paragraph of this article.
As there is a large majority of employees in Repharase.ai. All now the employees are now going to join Adobe as part of the deal. Now the investors of Rephrase.ai are going to receive a full cash exit an also the founder of the startup is going to receive money in cash and also he is going to get the stocks of Adobe. This start-up was founded by IIT Alumni Ashray Malhotra, Nisheeth Lahoti, and Shivan Mangle. They founded this startup in 2019. The company has raised over $13.9 million. More details regarding this detail are going to be shared very soon. Till then stay updated with techballad.