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Videoverse, Previously Known As Toch Ai, Expands Globally Raising $46.8M In Series B Funding Led By A91 Partners And Alpha Wave Global

Apr 19, 2022•over 3 years ago

Amount Raised

$46.8 Million

Round Type

series b

Description

VideoVerse - a video-editing SAAS platform formerly known as Toch.ai - announced today that it has secured $46.8 million in Series B funding led by A91 Partners, Alpha Wave Global and Binny Bansal, who is former co-founder of Flipkart and a current investor in the company. Other investors include Innoven Capital, Pacific Western Bank and Stride Ventures amongst others. The capital raised will be used to strengthen its teams in India and internationally, enhance VideoVerse technology, build newer products and expand its global market share.

Company Information

Company

Video Verse

About

VideoVerse – previously known as Toch.ai – has found an extremely strong product-market fit in serving enterprises across numerous industries - OTT players, broadcasters, sports clubs and leagues, marketing agencies, e-gaming platforms, schools, colleges and more. VideoVerse is building the next-generation video editing ecosystem addressing a broad range of use cases in the post-production process. The company started its journey on generating instant key moments and auto short-sized clips leveraging computer vision and AI capabilities, the sliver in which it is the current tech leader. VideoVerse today has offices in the U.S., Europe, Israel and India and is expanding to Singapore and the Middle East by the end of this year.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech