5Mins, a start-up based in Israel, recently secured $3.5m in seed funding. The company focuses on creating short, animated video summaries of long-form content. This funding round was led by TPY Capital and included participation from investors such as iAngels and angel investor, Gigi Levy Weiss.
The platform, which launched in 2020, is designed to help users digest complex information quickly. It uses artificial intelligence to condense thousands of words into a five-minute video, complete with animations and voiceovers. The videos cover a variety of topics, from tech news and business insights to science and philosophy.
5Mins aims to bridge the gap between the desire for knowledge and the lack of time. It targets busy professionals who want to stay informed but struggle to find the time to read long articles or reports. The service is currently available for free, but the company plans to introduce a subscription model in the near future.
The seed funding will be used to expand the team, improve the platform’s AI capabilities, and increase the number of topics covered. The company also plans to launch a business-to-business service, offering customised videos for companies that want to summarise complex information for their employees or clients.
Go to source article: https://techcrunch.com/2022/11/07/5mins-raise/