Electric Sheep has secured $500,000 in pre-seed funding to develop its AI-driven rotoscoping solution, Spotlight, aiming to revolutionize the VFX industry.

Target Company Overview

Electric Sheep, a London-based startup founded in 2022, recently concluded an oversubscribed pre-seed funding round amounting to $500,000. The company focuses on transforming the Visual Effects (VFX) sector through innovative AI technology. Specifically, Electric Sheep is developing a groundbreaking solution that automates background removal for television and film, a crucial step known as rotoscoping that precedes the addition of special effects.

Currently, the rotoscoping process is labor-intensive, requiring approximately six hours of manual work for just one second of footage, which costs the industry over $1.5 billion annually. Electric Sheep aims to alleviate these inefficiencies with its cloud-native solution, named Spotlight, which is capable of processing one second of footage in under a minute—360 times faster than traditional methods.

Industry Overview in the United Kingdom

The UK's VFX industry stands at the forefront of digital media and is experiencing robust growth, driven by increasing demand for high-quality content in television and film production. With