AI start-up Lore Machine in funding talks, rolls out visual-storytelling platform

Lore Machine, an artificial intelligence start-up that allows writers to convert stories into images, audio and animation, said it was in talks to raise funds and started rolling out its visual-storytelling platform to the public on Tuesday.

The company plans to charge between $10 and $160 per month for its platform that allows users to customize locations, characters and scenes, with the highest-priced tier aimed at enterprises.

Lore Machine is also in talks with venture capital firms for a fundraise, following a pre-seed funding round in January 2023 that included Dao Jones, 100 Acre Ventures and NZVC and financial details of which were not disclosed.