Brahma AI raises $150M at $2B for enterprise audiovisual AI

Multiples committed $100M of the $150M through compulsorily convertible preference shares, split across two vehicles. One fund invests $54.36M in Brahma AI Holdings, and another invests about $45.64M in rupee terms in Brahma AI Services India. Brahma also reported another $100M in investor demand and may expand the round to take some or all of it. That sum is interest, not money raised. The deal changes control. Prime Focus keeps a 65.67% fully diluted economic interest through DNEG, but its voting rights in Brahma AI Holdings fall from 89.27% to 24.99%. Both Brahma entities become associates rather than subsidiaries. Pro-forma revenue was about $45M in 2024 and an estimated $74M in 2025, and it is expected to pass $130M this year. That puts the valuation near 15x forward sales. The company combines DNEG's production tools with Metaphysic's generative-media technology. Proceeds go to R&D, global sales expansion, platform work across several verticals, and a larger Silicon Valley presence. For founders, the round shows investors paying for generative video that is sold to enterprises on top of an existing production business and customer list. The revenue base and named clients such as Warner Bros. and the NBA carry the valuation more than model novelty does. Startups in the same category will be compared with that revenue growth, and with a cap table where a large parent gives up voting control for growth capital.