DeepFake Software Gets $3.5M in Venture Funding

DeepFake software has been making money off of fake news for more than two years. 

This week, the company announced that it has raised $3 million in Series B funding from the likes of Amazon, Google Ventures, Fidelity Investments, Google Capital, Andreessen Horowitz, and others.

The money will go towards the creation of DeepFake apps for consumers to use in the cloud. 

The money is the first investment in a company that has been selling software and services for more years than its founders realize. 

DeepFake founder and CEO John Vella said in a statement: “The success of Deepfake is driven by a combination of our product and services. 

Our team has proven its ability to deliver a seamless user experience and we are pleased to be in a position to grow this business further.” 

The company says it plans to use the money to expand its product and add new features. 

In its announcement, DeepFake said it plans “to use the new capital to further expand our product line, expand our developer and marketing team, expand product support, accelerate development of new applications, and launch new products for the consumer.”

The announcement was made at a conference for venture capital firms hosted by the San Francisco-based Venture Capital Institute, where the company was introduced. 

“We are pleased with our first round of funding and believe this is a great example of the kind of investment that we need to get us to where we want to go,” Vella added. 

Vella said that DeepFake is already working on several other products, including “a deep learning platform for advertisers” that he is “optimistic” about. 

While it has been profitable for DeepFake, the software’s popularity has come at a cost: It has taken some users to sign up for the service, and it has also taken some time for the company to convince them to use it. 

According to Vella, he hopes to have DeepFake products on the market by the end of the year. 

However, he admitted that there are some users that still have not yet signed up, and said the company will try to help them by adding more tools for the process. 

If you’re interested in getting DeepFake or are a customer of DeepFreeze, you can sign up here:  https://deepfreeze.com/newsletter/ DeepFreezeman. 

Follow me on Twitter at @mike_jones

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