Panopto, a Pittsburgh, PA-based company which specializes in AI-powered video creation and management solutions, announced its acquisition of Elai, a Lewes, DE-based provider of an AI text-to-video platform.
The amount of the deal was not disclosed.
Led by CEO and Founder Vitalii Romanchenko, Elai serves more than 2,000 global customers in a variety of industries, ranging from manufacturers of personal care products, medical equipment and industrial machinery to software companies, hospitals and universities. Elai’s guided storyboard scriptwriting, custom avatar-building, and personal design features, powered by text-to-video AI, support the creation of accessible learning content, helping organizations and institutions create more equitable learning experiences.
Led by CEO Jason Beam, Panopto is a provider of an AI-powered video learning platform for organizations of all sizes, from modern workforces to college campuses. With integrated generative AI creator tools and publishing and engagement features, it transforms ideas, lectures, training, and events into on-demand and accessible learning experiences.
FinSMEs
23/10/2024