AI start-up Lore Machine in funding talks, rolls out visual-storytelling platform

Lore Machine, an artificial intelligence start-up that allows writers to convert stories into images, audio and animation, said it was in talks to raise funds and started rolling out its visual-storytelling platform to the public on Tuesday. Lore Machine is also in talks with venture capital firms for a fundraise, following a pre-seed funding round in January 2023 that included Dao Jones, 100 Acre Ventures and NZVC and financial details of which were not disclosed. “We are considering it (fundraising) … having conversations with the VC community … we are profitable and have significant revenues in Q4 and Q1 of this year from our partnerships,” Lore Machine founder and CEO Thobey Campion told Reuters.