Replai Raises $1.4M Seed Investment
Portugal-based technology startup Replai announced that it has raised a €1.2M EUR ($1.35M USD) seed investment led by early-stage venture firm Bright Pixel. Further investors that participated in the financing round included early-stage investment firm Ideias Glaciares, online advertising company Clever Advertising, alongside several business angels. The company intends to use the investment proceeds for business development, hiring new talent, and international expansion.
Replai, which was founded last year by João Costa and Francisco Pacheco, develops artificial intelligence and machine learning-based software to automate the creation of highlight videos from esports live streams. Through its software, the company aims to “maximize audiences and generate revenue for sponsors and advertisers.”
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