VideoVerse, the New York-based provider, was previously known as Toch.ai. It raised $46.8M Series B funding.
A91 Partners, Alpha Wave Global & Binny Bansal led this round. Stride Ventures and Pacific Western Bank also participated.
The company plans to use these funds to increase its team in India and internationally, improve technology, create new products, and expand its global market share.
Vinayak Shrivastav (CEO) is leading VideoVerse, a video-editing ecosystem that addresses a broad range of post-production use cases. The company has developed revolutionary machine learning algorithms and a comprehensive video technology ecosystem that produces dynamic video content in engaging, cost-efficient and easy-to-use formats. Magnifi, the company’s AI-powered flagship product provides real-time video highlight technology to support entertainment, sports and news. Styck allows creators to simultaneously stream live across multiple social media platforms. VideoVerse’s Illusto, a web-based studio editor, works as an intuitive tool to help users create videos on the go.leader.
Today, the company has offices in the U.S.A, Europe, Israel, and India. It is currently expanding to Singapore, the Middle East, and Israel by the end.