Ozone, a San Francisco, CA-based startup, raised $7.1 million in seed funding and has publicly launched its cloud-based video editing platform.
SaaS Investors
The funding round included support from prominent investors, including Y Combinator, NEA, General Catalyst, LGVP, Bluewatch Ventures, Polymath Capital Partners, Pioneer Fund, SOMA Capital, and Olive Tree Capital. Founders of well-known companies such as Dropbox, Tinder, and Lightricks also participated.
Ozone Use of Funds
The company plans to use the funding for the following purposes: to further develop its AI capabilities, expand its collaborative features, and enhance the overall user experience.
About Ozone
Founded in 2021 by Max von Wolff, Ozone is an AI-driven pioneer in the next generation of video editing technology. The company is focused on simplifying video editing workflows and providing content creators with innovative AI-powered video editing tools and collaborative capabilities. Its cutting-edge cloud-based platform, driven by AI and collaboration, empowers content creation teams to work seamlessly together on video projects, eliminating the complexities of user interfaces and the need for arduous video file uploads and downloads.
Funding Details
Company: Ozone Technologies, Inc.
Raised: $7.1M
Round: Seed Round
Funding Month: November 2023
Investors: Y Combinator, NEA, General Catalyst, LGVP, Bluewatch Ventures, Polymath Capital Partners, Pioneer Fund, SOMA Capital, and Olive Tree Capital. Founders of well-known companies such as Dropbox, Tinder, and Lightricks
Company Website: https://www.ozone.pro/
Software Category: Video Editing Software
Source: https://www.prnewswire.com/news-releases/ozone-secures-7-1-million-in-funding-to-transform-video-editing-workflows-301980871.html