This also marks the first-ever deal for Adobe in the generative AI and video-tooling space. It also makes Rephrase the first Indian startup to be acquired by Adobe, which has largely made acquisitions in its home market, the US, and in Europe.
The acquisition will also include absorbing majority of Rephrase.ai’s employees. The founders too will be working closely with the software company going ahead.
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Adobe acquires Bengaluru-based GenAI startup Rephrase ai yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Bengaluru: Adobe has bought Rephrase.ai, a Bengaluru-based company known for its artificial intelligence (AI)-based video creation platform. An internal communication at Adobe has verified this acquisition by the major US software company, reported ET.