M&A
Video-editing platform Videoverse acquires US-based e-sports content creation co Reely
VideoVerse, a Mumbai-headquartered video-editing SaaS platform has acquired Reely.ai, an e-sports content creation, and social media distribution company based in Miami (Florida) in the US. This acquisition aims to enhance VideoVerse's capabilities and better serve its customers in the gaming and e-sports sectors. Started in 2016 by Vinayak Shrivastav, Saket Dandotia and Alok Patil, VideoVerse offers AI based video-editing suite for individual content creators and enterprises across industries, including video streaming players, broadcasters, sports clubs and leagues, marketing agencies and online gaming platforms. Reely.ai has gained industry recognition for its AI technology tailored to gamers and streamers which streamlines video content creation, automates the editing process, and aids in crafting more engaging content.
From the Venture Intelligence PE-VC Deal Database: Between Oct 21 and Apr 22, VideoVerse had raised over USD 58 M from Cathexis Ventures, Moneta Ventures, Artesian Venture Partners, Anthill Ventures, InnoVen Capital, Ventureast, Baring India, Stride Ventures, A91 Partners, Alpha Wave Global and others
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