VC Fund Investments
Video tech platform Revidd raises $1.1 M from Inovnis, CIIE.CO
Visakhapatnam-based no-code video tech platform Revidd has raised USD 1.1 million in a seed round from Inovnis SA and CIIE.CO. The company plans to use the funds to expand its offerings to the US and strengthen its presence in the North American market, hire talent, and build on the product and technology. The company also aims to lower 60% of its costs with its decentralised storage and streaming network. Founded in 2021 by Kiran Pasavedala, Sampath Mallidi, and Naresh Uppada, the startup is a no-code SaaS platform, which enables anyone with video content to launch their own customisable video streaming product or digital TV within a short time.
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