Pika Labs

Pika Labs is an AI video generation company founded in April 2023 by Demi Guo and Chenlin Meng, both former Stanford PhD students. The company is headquartered in Palo Alto, California, and operates the platform at pika.art, which allows users to generate short video clips from text descriptions, still images, or existing video footage.

Pika's primary product supports text-to-video, image-to-video, and video editing workflows, targeting content creators, marketers, and general consumers. The platform operates on a freemium model, offering limited free generation credits alongside paid subscription tiers. Pika 1.0, launched in late 2023, expanded the platform's capabilities and marked its transition from a Discord-based beta to a standalone web application.

The company raised a $55 million Series A round in November 2023 led by Lightspeed Venture Partners, at a reported valuation of approximately $470 million. It subsequently raised an additional $80 million in a Series B round in 2024, bringing total disclosed funding to approximately $135 million. Pika competes in the AI video generation space alongside Runway, Sora (OpenAI), and Stability AI.