VideoVerse, a New York-based video-editing SaaS platform has secured $45 million in funding.
SaaS Investors
The round was led by Bluestone Equity Partners.
Headquartered in New York City, Bluestone Equity Partners is a global private equity firm harnessing a unique combination of blue-chip business and investment experience, coupled with deep industry ties, to forge highly strategic capital partnerships with growth-stage Sports, Media, and entertainment businesses and properties.
In connection with this investment, Bluestone’s Sharma will join VideoVerse’s Board of Directors, helping to drive its global growth.
VideoVerse Use of Funds
The company will use the funds to expand globally and drive innovation in media technology.
About VideoVerse
VideoVerse is building the next-generation video editing ecosystem, addressing a broad range of use cases in the post-production process. Its Software as a Service (SaaS) platform leverages artificial intelligence (AI) models, computer vision, and Machine Learning (ML) to transform full-length video footage into short-form content and highlights in real-time for leading rights-holders and content creators around the world. VideoVerse’s flagship product, Magnifi, streamlines traditional labor, time, and cost-intensive editing processes through cloud-based AI-driven analysis, empowering hundreds of sports leagues, news & entertainment broadcasters, and streaming platforms around the world to quickly and easily curate, edit, and distribute short-form content and highlights. Headquartered in California, USA, and Mumbai, India, VideoVerse works with top-tier sports leagues & teams, broadcast networks, and content producers.
Funding Details
Company: VideoVerse
Raised: $45.0M
Round: Unknown
Funding Month: December 2023
Lead Investors: Bluestone Equity Partners
Additional Investors:
Company Website: https://vverse.ai/
Software Category: AI-powered Video Editing Solutions
Source: https://www.businesswire.com/news/home/20231218180626/en/