Former DreamWorks CEO Jeffrey Katzenberg co-leads $15.5M Series A for AI video ad platform
DreamWorks co-founder Jeffrey Katzenberg’s Venture Fund Wnddrco led one $ 15.5 million Series A round For Creatify, an AI video advertisement platform.
The ADMAX platform from Creatify uses AI to quickly generate dozens of video ads, which are aimed at social media marketing ADMAX analyzes well-performing social video campaigns on apps such as Tiktok and Instagram to shape the output.
Titans in the technical industry have been bullish about AI advertisements. Meta CEO Mark Zuckerberg recently spoke about his ambitions to automate all advertisements with an AI advertising tool, which would test thousands of advertisements on Facebook, Instagram and Threads users.
This degree of automation may seem drastic, but it is not a foregone conclusion. Although Katzenberg has been invented since the DVDs, his bets are not always correct – he was also the founder of Quibi, the short video platform that was notorious $ 1.75 billion and was closed six months later.
