AI Studio Promise inks deal with Google, raises funds from Michael Ovitz's Crossbeam

With the latest investment from Michael Ovitz's Crossbeam and a deal with Google, Promise is poised to revolutionize content creation using generative AI, attracting significant attention in Hollywood.

Sources:
1
Updated 54m ago
Tab background
Sources: 1
AI Studio Promise has made headlines by securing significant investments from Google and Michael Ovitz's Crossbeam Venture Partners. This funding is part of a broader trend in Hollywood, where studios are increasingly exploring the potential of AI technology to reshape content creation.

Founded by Strompolos, a former CEO of a creator-centric software company, and other industry experts, Promise aims to develop a new studio model that leverages generative AI to empower creators. The studio's innovative approach is designed to help artists develop and launch their own content more efficiently.

The involvement of Ovitz's firm highlights the growing interest in how AI will transform the entertainment industry. As studios adapt to these technological advancements, the implications for creators and the overall landscape of content production are profound.

With backing from notable investors like Kivu Ventures and Saga Ventures, Promise is positioned to lead the charge in this evolving space, potentially changing the way stories are told and produced in the digital age.
Sources: 1
AI Studio Promise has secured new funding from Google and Michael Ovitz's Crossbeam Venture Partners, aiming to revolutionize content creation through generative AI technology. Founded by industry veterans, the studio seeks to empower creators in developing and launching their projects.
Section 1 background
The Headline

Promise secures investment and partnership

Key Facts
  • Promise has secured new investment from high-profile backers, including Michael Ovitz's Crossbeam Venture Partners.1
  • Promise inked a deal with Google, marking a significant step in its growth.
Background Context

Background on Promise's foundation and leadership

Key Facts
  • Promise launched last year with backing from North Road and other investors.1
  • Strompolos serves as CEO of Promise, focusing on a new studio model that leverages generative AI technology.1
Article not found
Home

Source Citations