Digital video content player Toch.ai raises $11.75 M Moneta Ventures, Baring PE, others

Mumbai-based Toch.ai, a software-as-a-service platform, has raised USD 11.75 million Series A funding by Moneta Ventures, Baring Private Equity India, Binny Bansal, Ventureast, 9 Unicorns, Anthill Ventures, Cathexis Ventures, SOSV, Artesian and Innoven Capital. Toch.ai uses artificial intelligence technology to process video content including live sporting events, television shows, or library-based content, automatically and instantly. It helps businesses auto-create and share customized digital video content using existing feeds, be it live or recorded, and match and adapt content to meet the changing demands of consumers. The new funding will be used to scale up technology infrastructure and expand into global markets with a specific focus on foreign markets.