vidyo.ai, Bangalore, India-based AI-powered video editing platform, raised $1.1 million in seed round, backed by UK-based Entrepreneur First, Upsparks VC, Sarath Sura, and PointOne Capital.
The company is also backed by renowned content creators Ranveer Allahbadia (Beerbiceps), Rakesh Yadav (co-founder Flobiz), Manish Pandey (author and creator evangelist), Abhishek Ponia, and more.
The funds will primarily be used to attract tech talent and hire senior and mid-level engineers to build a robust team. The funds will also be strategically utilized for product development and to build new AI algorithms to automate video edits for social media.
Company: vidyoAI Ventures Pvt. Ltd.
Raised: $1.1M
Round: Seed round
Funding Month: July 2022
Lead Investors: Entrepreneur First, Upsparks VC, Sarath Sura, and PointOne Capital
Additional Investors:
Company Website: https://vidyo.ai/a
Software Category: AI-powered video editing platform
About the Company: vidyo.ai is a venture-funded startup building the infrastructure stack for modern video creators. Vidyo.ai is a cloud-based software that helps global video creators expand their reach with minimum effort. vidyo.ai software helps creators edit videos faster & distribute better with the help of AI. vidyo.ai goal is to develop an AI-powered tool that will assist content producers in editing and publishing their work at a faster rate with time savings of more than 80%. The company’s mission is to help video creators grow faster and focus on what “really” matters to them – creating more content.
Source: https://www.financialexpress.com/brandwagon/ai-powered-video-editing-platform-vidyo-ai-raises-11-million-in-seed-round/2589884/