Phyron Secures EUR 10M in Series B to Expand AI Video Technology Internationally
Phyron has established itself as a leading provider of AI-driven video technology, serving over 3,000 car dealers across 30 countries.
Company Name: Phyron
Location: Stockholm, Sweden
Sector: Technology, AI Video Production
Funding Details: Raised EUR 10M in Series B funding. The round was led by Round2 Capital with participation from existing investor Peter Vardy. Round2 Capital provided both revenue-based financing and an equity investment.
Purpose of Investment: To accelerate growth and geographic expansion, particularly into the US market, and to further develop its AI video technology.
Leadership: Led by CEO Johan Sundstrand.
Product: Phyron specializes in an automated AI-enhanced video solution tailored for the automotive industry. The software leverages AI to identify key selling points of individual vehicles and combines this data with still images, factual information, brand imagery, and retailer services to create compelling marketing videos.
About Company: Phyron has established itself as a leading provider of AI-driven video technology, serving over 3,000 car dealers across 30 countries. The company’s innovative approach allows dealerships to effectively market vehicles through dynamic video content that highlights unique features and specifications. With new offices in Brighton, UK, and plans for further international expansion, Phyron is poised to transform automotive marketing by making sophisticated video production more accessible and impactful for dealers worldwide.