On Tuesday, Munch, a company that has developed an AI-powered technology platform for social media, disclosed a $7.2 million Seed funding round. A* Capital spearheaded the investment, joined by Liquid2, and early-stage investors Cardumen Capital and Remagine Ventures.
The Munch platform leverages AI to help businesses optimize their social media content’s return on investment. The software caters to a diverse market, supporting over 20 languages, and offers features such as automated processing, language technology, and AI-generated social media posts.
In a bid to enhance its visibility, Munch utilizes a picture generation engine that analyzes video content in line with current social media trends and marketing insights. This innovative approach enables the transformation of singular video content like podcasts and webinars into a series of engaging clips with the potential to go viral.
Founded in 2021 by Oren Kandel and Peter Naftaliev, Munch has rapidly gained traction, amassing over $2 million in funding and attracting more than 3,000 paying clients globally within a short span of 8 months.
In a statement, Oren Kandel, the CEO and co-founder of Munch, emphasized the significance of effective social media content strategies in driving higher returns on investment and bolstering bottom lines for companies and brands. He highlighted Munch’s ability to empower businesses of all sizes to expand their reach to a broader audience with high-quality content, presenting a revolutionary approach for marketing teams worldwide.
Relevant Information:
Oren Kandel, the CEO and co-founder of Munch, noted that businesses and brands that implement successful social media content strategies are witnessing improved returns on investment and profitability. With Munch’s innovative approach, any company, regardless of its scale, can now engage a larger pool of potential customers through high-quality content, revolutionizing marketing practices globally.
