RPM Interactive, which is developing a generative AI platform for creating short-form videos, filed on Monday with the SEC to raise up to $15 million in an initial public offering.
RPM is a generative AI publishing and software company that is developing a software platform named "Catch-Up" which the company believes is the world's first fully-automated, generative AI-powered platform for creating short-form video content. The platform integrates multiple generative AI technologies, such as Anthropic's Claude model family, OpenAI's ChatGPT family, and HeyGen AI, which RPM believes eliminates the friction and complexity that traditionally slows down content production. The company is also developing a mobile gaming app called "Live Trivia."
The New Brunswick, NJ-based company was founded in 2022 and plans to list on the Nasdaq under the symbol RPMI. The Benchmark Company is the sole bookrunner on the deal. No pricing terms were disclosed.
