AI video generation platform Hedra completes $32 million Series A financing, led by a16z Infra

Odaily News AI video generation platform Hedra announced the completion of a $32 million Series A financing round, led by a16z Infra, with participation from a16z Speedrun, Index Ventures and Abstract. The latest round of financing will be mainly used to support team expansion and product development. Hedra plans to triple its headcount from the current 20 employees by the end of this year. The company also plans to enhance its Character-3 base model, invest in infrastructure to scale video rendering, and build an enterprise-centric workflow for faster, higher-quality video production. (Techfundingnews)