Pika Labs
Headquarters
Palo Alto, CAFounded
2023CEO / Founder
Demi GuoEmployees
11-50Funding
Series B — $135MProducts
1 product listedAvg. AI Score
7.2/10Website
pika.art/
Profile updated
About 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.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
Products by Pika Labs
All products by Pika Labs reviewed by our AI panel of experts.
How Our Review Panel Scores Pika Labs
Six independent reviewer personalities assessed Pika Labs's product on their own terms. They landed within 0.8 points of each other, an unusually strong consensus.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Competitive Landscape
Who Pika Labs competes with, and how they differ.
The incumbent generative-video pioneer with deeper enterprise/creative-studio penetration (Gen-3/Gen-4) and a much larger war chest ($1.5B+ valuation vs Pika's ~$470M).
1 product reviewed on TopReviewed
Dream Machine competes on the same consumer-facing quick-generation use case as Pika, also now bundled inside Adobe Firefly alongside it.
1 product reviewed on TopReviewed
Veo is distributed for free/bundled inside Google's Gemini and YouTube ecosystem — a distribution scale Pika cannot match as a standalone app.
1 product reviewed on TopReviewed
Sora and the Sora consumer app target the same social, insert-yourself video use case Pika pivoted to with Pika Social, backed by vastly greater compute and capital.
2 products reviewed on TopReviewed
Hailuo AI competes on price and generation quality from a Chinese-market base, undercutting Pika on subscription cost for similar short-clip generation.
1 product reviewed on TopReviewedCompany Timeline
Key milestones in Pika Labs's history, with sources.
- Launch
Launched Pika Social, a TikTok-style app for AI-generated video
iOS app turning selfies into short AI videos with a social feed and remix mode; early-access/invite-only at launch.
quasa.io - Partnership
Pika's video model integrated into Adobe Firefly Boards
Adobe added Pika 2.2 text-to-video as a third-party model inside Firefly Boards alongside Runway, Luma AI and Google Veo.
news.adobe.com - Funding
Series B — $80M led by Spark Capital, valuation doubled to ~$470M
Brought total funding to $135M; other investors included Greycroft, Lightspeed and actor Jared Leto.
the-decoder.com - Funding
Series A — $35M led by Lightspeed Venture Partners ($55M total incl. pre-seed/seed)
Combined with an earlier $20M in pre-seed/seed led by Nat Friedman and Daniel Gross; valued Pika near $200M.
techcrunch.com - Founded
Founded by Demi Guo and Chenlin Meng, Stanford AI PhD dropouts
The pair left Stanford's AI Lab to build an easier-to-use AI video generator after struggling in Runway's AI Film Festival.
venturebeat.com
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