Videos-creation tool Dashverse raises $13-M led by Peak XV Partners

Bengaluru- and San Francisco, California (USA)-based AI entertainment startup Dashverse has raised USD 13 million in a Series A funding round led by Peak XV Partners. The round also saw participation from existing investors Z47 and Stellaris Venture Partners.The new funds will be used to develop the company's core AI technology and products, including investments in GPUs (graphics processing units), model fine-tuning, and other AI training processes.Founded in 2023 by Sanidhya Narain, Lalith Gudipati, and Soumyadeep Mukherjee, Dashverse enables creators to develop, publish, and monetise original stories across comics and micro dramas. The company's products include DashReels (a micro drama app), Frameo.AI (a generative video studio), Dashtoon (a mobile comics app), and Dashtoon Studio (a web-based AI comic generator).