AI video generation platform Hedra has completed a $32 million Series A funding round, led by a16z Infra

ChainCatcher news, according to Techfundingnews, AI video generation platform Hedra announced the completion of a $32 million Series A funding round, led by a16z Infra, with participation from a16z Speedrun, Index Ventures, and Abstract. The latest round of funding will primarily be used to support team expansion and product development.

Hedra plans to double its workforce from the current 20 employees by the end of this year. The company also aims to enhance its Character-3 foundational model, invest in infrastructure to scale video rendering, and build enterprise-centric workflows for faster and higher-quality video production.