VideoVerse builds a next-generation video editing ecosystem and offers a SaaS platform that leverages AI models, computer vision, and machine learning to convert full-length footage into short-form content and highlights in real time. Its flagship product, Magnifi, streamlines labor-, time-, and cost-intensive post-production processes through cloud-based AI-driven analysis. VideoVerse empowers hundreds of sports leagues, news and entertainment broadcasters, and streaming platforms to quickly curate, edit, and distribute short-form content and highlights. The company will use the $45 million in funding to expand globally and drive innovation in media technology. The article describes VideoVerse as New York-based and also lists headquarters in California, USA, and Mumbai, India. Customers include top-tier sports leagues and teams, broadcast networks, and content producers. VideoVerse is a cloud-native video-editing SaaS platform that leverages AI and machine learning to automate post-production, generate instant highlights and produce short-form and live-stream content. Its flagship AI product Magnifi provides real-time video highlight technology, while Styck enables one-click multi-platform live streaming and Illusto is a web-based studio editor for on-the-go creation. The company rebranded from Toch.ai and says its revenue has grown significantly as it has built a U.S. tech and sales team and established a data-science and machine-learning team in Israel. VideoVerse operates offices across the U.S., Europe, Israel and India and plans expansion into Singapore and the Middle East by year-end. The newly raised capital will be used to strengthen teams in India and internationally, enhance VideoVerse technology, develop new products and expand global market share. Its stated customers include OTT players, broadcasters, sports clubs and leagues, marketing agencies, e-gaming platforms and educational institutions. Toch builds an AI and deep-learning powered video platform that automatically analyses, edits, curates, and publishes video content and metadata in real time. The product offers automatic meta-tagging, auto-subtitles for live events in multiple languages based on viewer location, and tools to help broadcasters monetise live events. OTT customers can use Toch to identify ad-placement opportunities based on crowd excitement levels to increase ad sales. The company says the funds will be used to deepen its technology infrastructure and expand its team. Founders are Vinayak Srivastav, Saket Dandotia, and Alok Patil, and the company is based in Mumbai. Investors and partners quoted in coverage say Toch is well positioned to benefit from increased global video consumption during the coronavirus pandemic. Toch, founded in 2017 by Saket Dandotia, Vinayak S, and Alok Patil, positions itself as the 'Ist Shoppable Video Platform built on AI'. The company’s platform analyzes video content using AI and deep learning to provide meta-tagging and actionable insights. It serves online video creators, advertisers, media companies, and startups across digital video platforms. Toch has implemented enabling meta-tagging for live sporting events, live shows, and library-based content for streaming platforms, and is venturing into broadcasting meta-tagging simultaneously. The company recently raised over $400K in a pre-Series A round led by Inflection Point Ventures. It plans to use the funding to hire personnel and develop its technology infrastructure as it seeks to scale.

Total raised

$93M

Funding rounds

4

Latest round

Equity

Latest activity

Dec 2023