January 11 (SeeNews) - Romanian tech startup Hyperhuman said on Monday it has raised 500,000 euro ($611,997) in a financing round led by Early Game Ventures (EGV) to build a digital publishing and content monetisation platform for the fitness industry.
The platform will allow trainers to create studio-quality video workouts by removing the complex process of video production and editing, Hyperhuman said in a press release.
Trainers record short videos with the key moves and the AI engine generates the video workouts and social media teasers. The product is currently in private beta for a selected group of trainers and the goal is to launch the public version this spring, the company said.
The round of investment was led by EGV and joined by investment funds Sparking Capital and Simple Capital.
Hyperhuman was founded last month by Romanian entrepreneurs Bogdan Presdusca, Dan Nica and David Teodorescu.
EGV is a venture capital firm funded mostly through the operational programme Competitiveness 2014-2020, co-funded by the European Regional Development Fund.
($= 0.817 euro)