Pika Labs

Pika Labs is a Palo Alto-based AI video generation company that raised $135 million across 6 rounds with its latest $80 million Series B in June 2024, reaching approximately $900 million valuation in early 2026. Annual revenue is projected to surpass $130 million in 2026, up from $50 million ARR in 2024.

Founded in 2023 by Demi Guo (PhD dropout from Stanford) and Chenlin Meng (Stanford AI lab researcher), Pika has established a distinctive position in the AI video market through rapid model innovation and consumer-friendly tools that lower the barrier to professional video creation. Pika 2.2, the companys flagship model as of 2026, introduces one-click video sfx (sound effects generation), Pikaffects for viral stylistic video transformations, and Pika Scenes for multi-shot video composition.

Pika is available as an officially integrated third-party model inside Adobes Firefly Boards creative suite — globally launched in September 2025 — embedding Pika inside the workflows of Adobes 30+ million professional creator base. Enterprise clients contribute approximately 40% of Pikas revenue, benefiting from custom integrations, dedicated support, and bulk licensing.

The platform is notable for expressive character animation, lip-sync accuracy, and the ability to transform existing video footage with AI effects. Pika competes primarily with Runway Gen-4.5, Luma Dream Machine, and Kling for the creator and enterprise video generation market.

Meta explored a $500M acquisition of Pika Labs in 2025, though no deal was completed, reflecting the companys strategic value in the generative video race.