Dashverse closes DashReels, eyes $40M for AI
By Abha Lohia · Editor ·
BengaluruFounded 2023
- Dashverse, based in Bengaluru and San Francisco, makes AI tools for video and entertainment production
- It has shut its consumer microdrama app DashReels and is looking to raise roughly $30-40 million
- The pivot sells its Frameo AI software to entertainment companies instead of chasing viewers; talks are early
What happened
- Dashverse discontinued DashReels, its consumer microdrama platform.
- It is seeking $30-40 million from investors.
- The fundraise is at an early stage.
Why it matters
- The company is moving away from winning and monetising viewers through its own app.
- Focus shifts to business-to-business software.
The business
- Builds AI video production software called Frameo AI.
- Targets entertainment companies.
- Offices in Bengaluru and San Francisco.
- Backed by Peak XV Partners.
Who put in money
- Peak XV Partners existing investor
What happens next
- Pitch Frameo AI to prospective investors.
The numbers around it
Consumer Internet & Media in October 2026: 5 rounds with a disclosed amount, $75.2 million in all; the biggest was Eloelo ($50-60M). Every sector this year →
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