AI Video Startup Cinnamon Secures 11 Billion KRW Investment

Cinnamon secures 11 billion KRW investment
Altos Ventures and Saehan Startup Investment participate in follow-up funding
CINEV enables users to direct and produce 3D videos using AI technology
Plans to launch service in the first half of the year and expand globally

Cinnamon, the developer of the 3D-based artificial intelligence (AI) video solution 'CINEV,' announced on the 5th that it has secured new investments worth 11 billion KRW. With this, Cinnamon has successfully attracted large-scale investments following 2022. Existing investor Altos Ventures and Saehan Startup Investment participated in this round.

Cinnamon is a video production startup utilizing AI and 3D technologies. Since its founding in 2019, it has focused on advancing technology in the interactive gaming sector. The new solution currently under development, CINEV, creates videos in a virtual 3D space using AI technology based on user-inputted stories. Unlike generative AI video services that produce different outputs depending on prompt inputs, users can edit actors' performances, camera direction, lighting, backgrounds, and more as they wish. This enables every user to become both a film director and a one-person production company.

A Cinnamon representative stated, "We are very pleased to secure growth momentum that allows the company to compete in the global AI market through this investment. We will focus on launching the service stably in the first half of this year and delivering the unique usability and convenience of CINEV to our customers."

An Altos Ventures representative said, "The Cinnamon team has combined AI services with their long-honed 3D production expertise. In particular, they identified intricate aspects that are difficult for AI to implement and developed tools for creative producers rather than simple technology demonstrations. We decided to invest because we believe CINEV has the potential to change the landscape of video production and content markets in the future."

Meanwhile, leveraging its technological capabilities and business scalability, Cinnamon attracted investments in 2022 from Naver affiliates such as Naver Webtoon, Snow, and Naver Z, as well as from Krafton. In August last year, it was also selected for the NVIDIA Inception program. Cinnamon plans to aggressively target the global market by offering characters and videos in various styles, from live-action to animation.

This content was produced with the assistance of AI translation services.