Lion Rocket

About Lion Rocket

LionRocket Inc., a Seoul-based artificial intelligence company established in 2019, operates within the synthetic media market. The company develops content creation tools, initially focusing on AI-based text-to-speech technology that can replicate a voice from a short audio clip. This core technology serves as the foundation for their primary service, OnAir Studio, a platform that enables users to generate videos featuring realistic digital humans simply by inputting text.

The three co-founders, Seung Hwan Jeong, Hyungjun Mun, and Junhyeong Park, were recognized in the Forbes 30 Under 30 Asia list for Enterprise Technology in 2021. Their venture has attracted significant financial backing, securing a total of $10.1 million over three funding rounds. A notable Series A round in December 2021 raised $5.5 million, led by investors including ID Ventures and Daesung Private Equity. Subsequent funding in 2024 involved participation from CJ Investment and Stonebridge Ventures.

LionRocket's business model is centered on its generative AI services, which cater to both individual content creators and businesses. The company's flagship product, OnAir Studio, integrates AI Text-to-Speech (TTS) and AI Speech-to-Video (STV) technologies, allowing for the creation of video content without the need for cameras, microphones, or live actors. More recently, LionRocket has expanded its offerings to include 'Genvas', an AI-powered tool aimed at revolutionizing the production of webtoons. This service is designed to significantly reduce production bottlenecks and costs for webtoon creators. The company has engaged in collaborations with major corporations like Woori Bank, Samsung Fire & Marine Insurance, and broadcasters MBC and KBS, indicating a strategy that includes enterprise-level solutions. The company also offers 'pokeit', an AI image sharing platform.