Electric Sheep, an AI tech startup in London, UK, has raised $500,000 in pre-seed funding. The round was led by Dasein Capital (US), with participation from Spatial Capital (US) and Look AI Ventures (Czech Republic).
The round was led by Dasein Capital (US), and backed by Spatial Capital (US) and Look AI Ventures (Czech Republic).
The company will use the funds to build and enhance Spotlight, an AI rotoscoping tool that can deliver the detail needed for the big screen. Spotlight outputs an editable layer that allows VFX artists to make key adjustments, known as splines.
Electric Sheep is led by CEO Gary Palmer and is dedicated to accelerating the visual effects (VFX) industry with AI technology. The company's solution automates flawless background removal for TV and film. This process, known as rotoscoping, is essential before adding special effects. Currently, the only way to deliver the detail needed for the big screen is to manually cut around foregrounds frame-by-frame.
Spotlight is a cloud-native solution that processes 1 second of footage in less than a minute. This is 360x faster than the traditional rotoscoping process, which can take up to 6 hours for 1 second of footage.
Electric Sheep's technology has the potential to revolutionize the VFX industry by making rotoscoping more efficient and affordable. This will free up VFX artists to focus on more creative tasks, such as adding special effects.
