Hotshot

San Francisco, United States · $40.0M raised

Employees
1–10
Business Model
B2C
Website
hotshot.co
Total Funding
$40.0M
Last Round
$40.0M Seed
Rounds
1

About

Hotshot was a San Francisco-based generative AI startup co-founded by Aakash Sastry and John Mullan that developed AI-powered video generation tools including three video foundation models: Hotshot-XL, Hotshot Act One, and Hotshot. The company attracted investment from Lachy Groom, Reddit co-founder Alexis Ohanian, and SV Angel. In March 2025, Elon Musk's xAI acquired Hotshot, and the team moved to continue scaling video model development on xAI's Colossus cluster.

Summary

Hotshot is a company based in San Francisco, United States. It has raised $40.0M in total across 1 round. Investors include Lachy Groom, Alexis Ohanian and SV Angel.

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Funding History

SeedSeed Round
$40.0M

Investors