Spain
Market: Information and media, Entertainment, Artificial Intelligence, Virtual and Augmented Reality
Stage of the project: Prototype or product is ready
HechicerIA is a startup that develops artificial intelligence to transform texts into 3D videos, automatically and in seconds, thus enabling a cost reduction of at least 80% in the audiovisual sector.
Current Status
During March 2023 we have finished our MVP of the recruitment product and from April we start our traction with companies in Spain that have already confirmed their interest, with an estimated turnover of $5000 in the first month.
Problem or Opportunity
The high costs of content generation in the audiovisual, video game and virtual reality sectors. Development times that can range from several weeks to several years and funding amounts for projects in the tens of thousands to tens of millions of dollars.
Solution (product or service)
A software in which you enter the scripts of short films, promotional videos or content for RRSS, understands the content of the text through artificial intelligence and renders it in 3D in the form of animated scenes in a matter of seconds. In this way, we reduce production costs by several orders of magnitude compared to the traditional way of recording, editing, montage, etc.
Business model
SaaS with different fees depending on the footage made per month and different add-ons for premium use of the tool (for audiovisual companies) or fees depending on the number of assets downloaded with similar premium add-ons (for video game and VR companies).
Incubation/Acceleration programs accomplishment
Hyper Accelerator 2022, Santander X Babson College 2022, AWS Loft Accelerator 2023 & SODECO+ImpulsaVisión RTVE Technology Entrepreneurship Program.