Frammer AI, founded by former media executives, receives $2 million to help enterprises monetize their video content

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Lumikai, a gaming-focused venture capital firm, has led a $2 million (INR 16.7 crore) seed fundraising round for the Frammer AI

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The company will use the profits to grow into sports and entertainment, as well as engage in data training for its target areas

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Founded by NDTV's former CEO-President Suparna Singh, former CTO Kawaljit Singh Bedi, and former CSO Arijit Chatterjee

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Frammer AI offers an AI-powered studio to help organizations create compelling and monetizable videos

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The platform digitizes premium material with a single click, targeting large and medium-sized creators across multiple genres

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Frammer AI uses advanced AI technology and proprietary training methods to create high-quality social media videos that are ready for publication

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The company was recently named the AI content partner for Brightcove, a US-listed streaming service provider for publishers

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The money comes in the heart of India, which has 13,000 businesses working on emerging technologies including AI, IoT, robots, and nanotechnology

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AI use is driving growth in healthcare, banking, manufacturing, and retail industries

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