Troveo, a Los Angeles, CA-based platform helping content owners monetize from AI, raised $4.5M in Seed funding.
The round was led by Seven Seven Six and top angels including Siqi Chen, and Andreas Klinger.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Marty Pesis, Trovo provides a platform that allows content owners, including creators, filmmakers, production companies, and others, to license their content with AI companies while retaining ownership rights. By uploading their content to Troveo’s platform, content owners can receive licensing deals from AI companies interested in training off their data. Troveo always puts the content owners first, allowing them to retain ownership rights, and an ability to license their content an unlimited number of times.
The company has solidified deals with prominent AI companies and will surpass $5M in payouts to content owners by end of year.
