D-ID acquires Berlin-based video startup Simpleshow

Video Generation and Edit Platform D-ID said on Tuesday that it acquired the Berlin-based B2B video making platform SimpoThe Companies did not disclose the financial terms of the agreement.

The Simpleshore product will work under the D-Id umbrella and eventually the two platforms will be integrated, D-ID CEO Gill Perry told TechCrunch.

According to Crunchbase data, Simpo, founded in 20, has raised more than $ 20 million.

The startup has offices in Berlin, Luxembourg, London, Miami, Singapore, Hong Kong and Tokyo. As part of the attachment, the company will have a unified office in Berlin, Tel Aviv and the United States. The D-ID Simpleshore did not mention the size of the team, but said that there would be 5 employees in the united entity.

Perry said, “Simpalso first came to us for strategic partnership. We saw that there are similarities between management teams and products.” “We felt that we need to speed up a large capture we need to speed up [part of the enterprise avatar video] We thought the market would be able to achieve simple shows. “

Both companies are watching a strong future of digital avatars for various types of videos including training, marketing and sales. D-Id already has A suit of interactive avatars of AI driven It offers to his clients.

Simpleshore chief executive officer Kirsten Bohrs said that when he joined the company a decade ago, it was originally a video producing company for business and initiative.

“We have decided to create a sass-based technology platform to achieve a scale internationally and to serve more clients,” Bohrs told TechCrunch. “One of the first tool we launched is a text-to-video tool for our clients in 2017”

Bohrs has added that in the past few years, with the rise of AI, it began conversation with companies like Sesia for a possible partnership and landed on the D-Id to finally acquired.

In addition to its products, more than 1,500 enterprise clients, including Simpalso Adobe, Audio, Airbus, Microsoft, Bayer, HP, T-Mobile, McDonald’s, EBE and Deutsche Bank are coming up. D-ID’s Perry points out that it will increase the bottom line of the company and bring it closer to profitability.

To proceed, D-ID wants to create an interactive training video, which allow users to interrupt a video presented by avatar and ask them a question or take a quiz.

There is a competition for D-Id Enterprise took the digital avatar In agencies like Setesia And the spirit machine. Such Google And McKins The solutions to allow clients to use digital avatar are also developing.

D-Id has raised $ 60 million funds to today. The agency says they have secured funds for the acquisition of the acquisition, but did not reveal the money.