OPEN8 is a company that focuses on content technology in the information technology sector. The company offers services that use artificial intelligence and software engineering technology to innovate video content, aiming to solve communication issues in corporate activities and support digital transformation. The company primarily serves businesses across various sectors. It was founded in 2015 and is based in Tokyo, Japan.
OPEN8's Product Videos
OPEN8's Products & Differentiators
This cloud service allows anyone to easily create high-quality narrative videos with the support of AI. With an operation screen designed for inexperienced users, users can easily create videos as if they were using PowerPoint, and many companies in all industries have adopted this service. Video BRAIN is a business cloud that fully supports corporate communication DX through video.
Expert Collections containing OPEN8
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OPEN8 is included in 2 Expert Collections, including Ad Tech.
Companies offering tech-enabled marketing and advertising services.
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Latest OPEN8 News
Oct 1, 2018
There are many “seeing is believing” cases in reality; children smiling while participating in a social activity, a small restaurant’s much-vaunted new menu, or marketing documents and employee training manuals that are difficult to explain with words. A cloud solution which can realize these things was launched this month. The keyword for the service is AI (artificial intelligence). Tokyo-based Open8 , providing the LeTronc video magazine and some video ad network services, earlier this month launched the AI-powered video creating SaaS (software as a service) named Video Brain.It charges 150,000 yen (about $1,300) monthly, in addition to requiring an annual contract for allowing users to create 20 videos a month maximum. At the same time the company announced it had raised money from WiL (World Innovation Lab) and Mirai Sousei Fund (by SPARX Group). The raised amount is 1.5 billion yen (about $13 million) and the investment ratio was not disclosed. The total secured amount of Open8 reached 4 billion yen (about $36 million). The firm also announced that it had invited Hiroto Ebata who is known for marketing promotion activities of Coca Cola Japan as its video business advisor. See also: The Video Brain platform has developed for enterprise users based on the LeTronc auto-video creation engine LeTronc AI which was launched last October. Analyzing user’s viewing patterns based on retrieval query and others, LeTronc AI automatically edits enormous number of video/ photo materials to match them with each desired scene. With this engine, the firm has been creating and providing 1,000 videos monthly with just 70 staffers. The platform provides the necessary solution especially focusing on video material editing. Specifically, users upload video / photo materials and a manuscript (text) of the story from browser and choose a template. The platform recognizes the meaning of each uploaded content, and automatically matches them and edits a video content. Video Brain’s dashboard Image credit: Open8 There were already similar services for video creation, but users had to input materials manually and edit the text themselves. The platform eliminated the need for all of these processes. As I took a look at the demonstration, it seemed fantastic that all materials were uploaded just by drag-and-drop and then a video was created by one-click only. The firm began test operation targeting enterprise users this June; it is used for creating video material for news in a major newspaper company or employee training video / sales proposal materials in a restaurant chain. Open 8 Yukou Takamatsu The topics of auto-video creation had come up frequently. For example, I have heard of a concept combining crowdsourcing and AI such as auto-creation / suggestion of subtitle, and that seems to be close to the platform What matters here is the quality of created products. To be honest, the platform cannot do everything. As Open 8 CEO Yukou Takamatsu mentioned, this service has works in and out of its line. It is good at video creation in which atmosphere is valued such as image video advertisement but weak at video editing in which strict content is required such as business manuals. However, Takamatsu said that he aims to change the communication of enterprises by launching this solution: Clients with huge budget can focus on planning and photographing so that they can create high-quality videos, of course. However, small retailers or intra-company communication are lacking in such power. For example, a restaurant chain has been carrying out social contribution activities (corporate social responsibility; CSR) with its team consisting of a few members. They have many photo / video materials about underprivileged children, but it takes much time to edit them. It would cost hundreds of thousands of yen if ordering video editing production. I thought that the speed of business and the quality of intra-company communication would be improved by making this process efficient. The information which was hard to be understood turns into something providing a strong impression. I would like to meet such requests from companies. The firm has its R&D department in Singapore, and will conduct development of AI, speech recognition / transcription function and improvement of editing accuracy. Translated by Taijiro Takeda
OPEN8 Frequently Asked Questions (FAQ)
When was OPEN8 founded?
OPEN8 was founded in 2015.
Where is OPEN8's headquarters?
OPEN8's headquarters is located at Jingumae Media Square Building, 6F, Tokyo.
What is OPEN8's latest funding round?
OPEN8's latest funding round is Debt.
How much did OPEN8 raise?
OPEN8 raised a total of $61.5M.
Who are the investors of OPEN8?
Investors of OPEN8 include Mirai Creation Fund, Japan Finance Corporation, Japan Post Investment, World Innovation Lab, JAFCO and 6 more.
Who are OPEN8's competitors?
Competitors of OPEN8 include Canva and 3 more.
What products does OPEN8 offer?
OPEN8's products include VIDEO Brain and 2 more.
Who are OPEN8's customers?
Customers of OPEN8 include Shiseido, Koikeya, Toppan, Hakuhodo Media and Recruit.
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