Pika Valuation, Funding & Investors

Pika is valued at $700M as of June 2024.

See full Pika profile

Last Pika valuation

$700M

Series B · Jun 2024

Last Pika funding round

$80M

Series B · Jun 2024

Cumulative funding Pika raised

$135M

across 4 funding rounds

Key investors in Pika

  • Lightspeed Venture Partners
  • SV Angel
  • Spark Capital
  • Homebrew
  • Nat Friedman
  • Daniel Gross

Pika Overview

About Pika

Pika is an AI platform generating and editing videos from text captions and static images. San Francisco-headquartered, it processes inputs through generative models to produce cinematic clips, enabling creators to produce short films and animations without traditional production tools.


Founded

2023

HQ

United StatesSan Francisco, CA

Website

pika.art

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Subscription

Valuation

$700M (Jun 2024)

Pika Valuation

Pika is currently valued at $700M, based on its Series B in June 2024.

The $80M round was led by Spark Capital.

Pika's valuation has grown 5.0x from $139M at its pre-seed round in January 2023 to $700M in June 2024, across 2 priced rounds.

Pika valuation by funding round

Pika valuation by funding round
DateStageValuation
Jun 2024Series B$700M
Jan 2023Pre-seed$139M

Pika Funding History

Pika has raised a total of $135M across 4 funding rounds.

Pika's first fundraising round was a $15M pre-seed round in January 2023. The most recent completed round was a $80M Series B in June 2024.

Pika funding rounds

Pika funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2024Series BSpark Capital (lead)$80M$700MPika is an AI startup founded in 2023 by Demi Guo and Chenlin Meng, former Stanford AI PhD candidates, developing tools to generate and edit videos from text, images, or existing footage. The platform aims to simplify video production for creators, businesses, and individuals by leveraging AI foundation models, with recent releases including its 1.0 model and web app. Based in Palo Alto, California, Pika has built a team of AI researchers from Google, Meta, and Uber. In June 2024, Pika raised $80 million in a Series B funding round led by Spark Capital, with participation from Greycroft, Lightspeed Venture Partners, actor Jared Leto, and others, bringing total funding to over $130 million. The round valued the company at $700 million post-money, with funds intended to enhance product development, improve user experience, scale operations, and compete in the intensifying AI video generation market. Some sources noted a slightly lower valuation around $465 million or ongoing talks up to $700 million, but multiple reports confirm the $700 million figure. Pika operates in a competitive landscape dominated by tech giants like OpenAI's Sora and Google's Veo, alongside startups such as RunwayML (which raised $250 million) and Synthesia. The company positions itself through technical expertise to build superior video foundation models. This funding underscores investor confidence in Pika's rapid progress since inception, supporting expansion amid rising demand for accessible AI video tools.
Nov 2023Series ALightspeed Venture Partners (lead); Clément Delangue; Adam D’Angelo; SV Angel; Conviction Capital; Alex Chung; Homebrew; Andrej Karpathy; Ricky Horwitz; Craig Kallman; Factorial Capital; Ben’s Bites$35M-Pika is an AI company founded by Demi Guo and Chenlin Meng, focused on redesigning video-making and editing through generative AI, enabling anyone to create high-quality videos via text prompts, images, and advanced models. The company launched its state-of-the-art video model and Pika 1.0 web-based platform for consumers on November 28, 2023, alongside announcing a $35 million Series A round led by Lightspeed Venture Partners, bringing total funding to $55 million including prior Pre-Seed and Seed rounds led by Nat Friedman and Daniel Gross. Investors in the Series A included prominent AI figures such as Adam D’Angelo (Quora CEO), Alex Chung (Giphy co-founder), Andrej Karpathy, Clément Delangue (Hugging Face CEO and Factorial Capital), Craig Kallman (Atlantic Records CEO), Elad Gil, Nat Friedman, along with funds like Homebrew, Conviction Capital, SV Angel, and Ben’s Bites. Lightspeed partner Michael Mignano highlighted Pika's potential to democratize professional-quality video creation, similar to AI advancements in text and images, positioning it to lead the transformation amid competition from tech giants like Google and Meta. At the time of the round, Pika had grown its community to over 500,000 users in just six months since inception, showcasing rapid traction in the AI video generation space. The funding aims to support product development, platform expansion, and scaling to compete in the intensifying generative AI video market.
Sep 2023SeedJosh Gier$5M--
Jan 2023Pre-seedDaniel Gross (lead); Nat Friedman (lead)$15M$139MPika raised a Series Seed-3 round led by AI investors Daniel Gross and Nat Friedman on July 1, 2023, with a post-money valuation of $138.54 million. The round was sized at $2 million. At the time of this investment, Gross and Friedman were operating NFDG, their $1.1 billion debut venture fund launched in 2023, which benefited from timing coinciding with the generative AI boom.

Who has invested in Pika?

16 investors have backed Pika across its funding rounds, including Lightspeed Venture Partners, SV Angel, Spark Capital, Homebrew, Nat Friedman and Daniel Gross.

Lead investors include Spark Capital, Lightspeed Venture Partners, Daniel Gross and Nat Friedman.


Pika Investors

Investors in Pika by funding rounds participated
InvestorHQRoundsRoleFirst check
Clément DelangueUnited StatesNew York City, NY1ParticipantNov 2023
Daniel GrossUnited StatesSan Francisco, CA1LeadJan 2023
Adam D’AngeloUnited StatesSan Francisco, CA1ParticipantNov 2023
SV AngelUnited StatesSan Francisco, CA1ParticipantNov 2023
Conviction CapitalUnited KingdomLondon1ParticipantNov 2023
Alex ChungUnited StatesNew York City, NY1ParticipantNov 2023
Spark CapitalUnited StatesSan Francisco, CA1LeadJun 2024
Lightspeed Venture PartnersUnited StatesSan Francisco, CA1LeadNov 2023
HomebrewUnited StatesSan Francisco, CA1ParticipantNov 2023
Nat FriedmanUnited StatesUnited States1LeadJan 2023
Andrej KarpathyUnited StatesSan Francisco, CA1ParticipantNov 2023
Ricky HorwitzUnited StatesLos Angeles, CA1ParticipantNov 2023
Craig KallmanUnited StatesNew York City, NY1ParticipantNov 2023

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Pika Competitors

Pika competitors include listed companies like Reconova Technologies and PKSHA Technology, and private ones like GumGum, 7AI, Dovetail and Exodigo.

Public and private companies comparable to Pika
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GumGumUnited StatesLos Angeles, CAPrivate$113M-$700M6.2x
7AIUnited StatesUnited StatesPrivate--$700M-
DovetailAustraliaSydneyPrivate--$700M-
ExodigoIsraelTel AvivPrivate$25M-$700M28.0x
Reconova TechnologiesChinaChinaPublicly listed$66M($8M)$635M-
PKSHA TechnologyJapanJapanPublicly listed$140M$47M$627M2.4x

Pika Public Comps

Pika is still privately-owned, but its public comps include Surya Citra Media, Cover, Tron, H & R Century Union, Huayi Brothers, Beijing Baination, Acast, Reconova Technologies, PKSHA Technology and Zee Entertainment.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Surya Citra Media$388M$64M1.8x1.5x10.8x4.3x
Cover$317M$34M1.9x1.9x17.6x9.8x
Tron$5M($17M)140.2x-(40.0x)-
H & R Century Union$79M($28M)8.0x-(22.6x)-
Huayi Brothers$46M($14M)19.0x-(60.5x)-
Beijing Baination$46M($174M)14.5x-(3.8x)-
Acast$257M($1M)2.3x1.9x(481.8x)25.7x
Reconova Technologies$66M($8M)10.0x-(82.0x)-

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Common questions about Pika

When was Pika founded?Pika was founded in 2023.
Where is Pika headquartered?Pika is headquartered in San Francisco, CA, United States.
Is Pika publicly listed?No, Pika is a private, VC-backed company.
What is Pika's valuation?Pika was last valued at $700M in its Series B in June 2024.
How much funding has Pika raised?Pika has raised $135M across 4 funding rounds.
What was Pika's last funding round?Pika's last funding round was a $80M Series B in June 2024, led by Spark Capital.
Who are Pika's investors?Pika's investors include Clément Delangue, Daniel Gross, Adam D’Angelo, SV Angel, Conviction Capital, Alex Chung, Spark Capital, Lightspeed Venture Partners, Homebrew, Nat Friedman and 6 others.
Which companies are comparable to Pika?Companies comparable to Pika include GumGum, 7AI, Dovetail, Exodigo, Reconova Technologies and PKSHA Technology.

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