News Summary

Jeffrey Katzenberg, former CEO of DreamWorks, has co-led a $15.5 million Series A funding round for Creatify, an innovative AI video ad platform, through his venture fund WndrCo. The platform, known as AdMax, utilizes artificial intelligence to swiftly generate a multitude of video advertisements aimed at enhancing social media marketing. It analyzes successful social video campaigns on platforms like TikTok and Instagram to optimize its output. This investment underscores the growing interest in AI-driven advertising solutions, with industry leaders like Meta’s Mark Zuckerberg also exploring automation in this space.