Khosla Ventures, Jeffrey Katzenberg, and others are investing $12 million in a new AI movie app
Nate Tepper, the CEO of TrueShort, sees a space between TikTok and Netflix for high-quality AI films for phones. Nate Tepper A new AI movie app has raised $12 million from a who's who of Silicon Valley and Hollywood. TrueShort is backed by Khosla Ventures, Jeffrey Katzenberg's WndrCo, and others. The app is starting with true crime and aims to branch out to other genres soon. AI movies designed for your phone are getting the Silicon Valley and Hollywood treatment. TrueShort, which makes AI "verticals" — movies chopped up into one- to three-minute episodes — has gathered a who's who of backers. The startup has raised $12 million in seed funding led by Keith Rabois at Khosla Ventures , Business Insider exclusively learned. Also participating in the round were Jeffrey Katzenberg's WndrCo, A24's Ravi Nandan, Behance founder Scott Belsky, and General Catalyst. The company's founding creative partner is W. Hayden Schwartz, formerly of Legendary Entertainment...
