HoloLight, VRgineers, and Thirdverse also raised money this week. : Pica Labs text-to-video Generative AI platform raises $55M. The round was led by Lightspeed Venture Partners with participation from Homebrew, Conviction Capital, SV Angel, Ben’s Bites and notable angel investors including Quora founder Adam D’Angelo, ex-GitHub CEO Nat Friedman and Giphy co-founder Alex Chung. Pika was co-founded by Demi Guo and Chenlin Meng, both former PhD students in Stanford’s Artificial Intelligence Lab.