San Francisco-based Revl announced that it had raised $5.5 million in a Series A funding round led by Nimble Ventures, with participation from Tuesday Capital, Silicon Valley Data Capital, and Luma Pictures.
The fresh investment brings the five-year-old company’s total funds raised to over $10 million, following a $6-million seed round.
Founded in 2015 by Eric Sanchez, Nelson Vazquez, and Bruce Pla, Revl intends to use the funds to accelerate the growth of the company’s AI video production service, Revl X.
Revl has developed in-house artificial intelligence to capture, edit, and deliver videos in real-time. The software can understand human emotions and identify key moments in an experience, and the cameras are geospatially aware.
The startup’s technology is used by by Audi, Porsche, Two Major Cruise Lines, Zip World UK, Skydive Drop Zones, and other companies.
Revl believes editing videos should be easy and plans on leveraging their proprietary technology across the global experience economy market – from skydiving to cruise ships and everything in between.
“There’s a reason why this hasn’t been done before,” said CEO Sanchez, co-founder of Revl.
Sanchez had previously worked as an infotainment product development lead at GM, a space system engineer at Honeywell, and a quality assurance tester at HP. He also served as an aerospace engineer at EMS Technologies after stints at Honeywell Aerospace, NASA, and Texas Instruments.
“Editing and delivering fully customized video souvenirs of epic experiences in real-time is computationally and programmatically very difficult. The team at Revl has leveraged the power of AI and parallel processing to build a fully automatic system that edits and delivers HD cinematic video souvenirs instantly,” Sanchez added.
Revl goal is to make their technology vertical agnostic in the next one to two years so it can be used in almost any kind of adventure or activity.
“Our main task is to give our customers the best experience. They experience perfect cars, they have a great environment, and with Revl X I think it’s the best opportunity for them to see what they experienced here and also to share it with others. I think this is something that will become really big!” said Klaus Demel, head of Driver Experience at Audi.