Indian AI firm backed by Dune and Odyssey visual effects studio valued at $2 billion in fundraise

FILE PHOTO: An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Aly Song | ReutersBrahma AI, an Indian start-up that makes artificial intelligence-generated audiovisual content for enterprise customers, on Wednesday raised $150 million from a local private equity firm at a valuation of $2 billion. Brahma is owned by Indian media and entertainment firm Prime Focus through its UK-based subsidiary DNEG, which runs the visual effects and animation studio behind blockbuster movies such as the Dune series and "The Odyssey.""Brahma AI has also received a further $100 million of investor demand and will evaluate an upsize of the round to accommodate some or all of that interest," Prime Focus said in a statement, adding that it will hold a 66% stake in Brahma AI through DNEG after the fundraise. The enterprise AI startup secured the funds from Indian private equity firm Multiples Alternate Asset Management. Brahma AI said it was focused on delivering technology used in high-end movies and TV productions to enterprises and content creators across every industry."Our ambition is much bigger: to build the AI-nativ...