Creative Force Raises $8.9M in Series A Funding to Transform E-Commerce Content Production with Generative AI
Creative Force, the leading end-to-end creative operations workflow platform for e-commerce retailers and brands, announced it has raised $8.9 million in Series A funding from Export and Investment Fund of Denmark (EIFO) and Hearst Ventures, the global venture capital division of Hearst. The new funding brings Creative Force’s total funding to $17.9M. Creative Force will use the funding to scale its Danish headquarters and new U.S. office in Boston and integrate generative artificial intelligence (AI) into its platform, empowering retailers and brands to harness the capabilities of AI in their creative workflows and produce superior content that is on-brief, on time and on budget.
“Creative Force will help retailers and brands increase their creative production tenfold,” said Thomas Kragelund, CEO and co-founder of Creative Force. “We offer the only platform that manages the entire e-commerce content production workflow from end-to-end, so we are in a unique position to leverage generative AI to drive innovation at all stages of production, from planning to final file delivery. The investment from Hearst Ventures and EIFO will enable us to scale and holistically solve a perennial content production challenge, enabling brands to focus more on creativity and business goals.”
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How Creative Force Works.
Statista forecasts global e-commerce sales to reach $8.1 trillion by 2026, and companies must produce increasingly copious amounts of content at scale to promote new products, entice customers, drive sales and remain competitive. Historically, brands have outsourced content production to multiple vendors or struggled to handle it internally. The workflow to produce creative content includes everything from conducting numerous photo shoots, producing videos, scanning product sample barcodes, creating 3D models, copywriting, internal and external coordination, booking models, art direction, editorial oversight, file management, post-production, retailer or channel signoff, and more. Creative Force’s cloud-based, end-to-end workflow platform reshapes and streamlines the paradigm.
It provides a single source of truth for all creative assets through every step of content production, giving brands unparalleled visibility and control over their creative operations. As a result, Creative Force helps large brands and studios produce new content in less time and launch products faster, avoid mistakes, reshoots and manual data entry, improve communication and collaboration throughout the entire content production process, maintain high quality and enforce creative consistency, and increase efficiency by at least 30%. The Creative Force platform easily integrates with popular creative software, including Capture One, Adobe Creative Cloud and Adobe Workfront.
Launched in November 2019, Creative Force handled more than 10M creative assets through its platform in the past year and has been quietly building its technology and working with some of the world’s biggest brands, such as Columbia Sportswear, OTTO, ALDO, David Yurman, Tommy Bahama, and others.
SOURCE: Businesswire
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