A Sequoia Capital-Backed AI-Video Startup Raises Nearly $20 Million; Eight Startups Taking on Nvidia

We’re starting the new week with fundraising news about a fast-evolving part of generative artificial intelligence: video.

Tavus, a two-year-old startup whose software helps companies customize videos they can then send to prospective customers, job candidates and others, has raised about $18 million in Series A funding at a $80 million post-investment valuation, five months after closing its seed round, according to a person with direct knowledge of the fundraising.

The startup currently has $1 million in annual recurring …

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