PE Fund Investments
VideoVerse attracts $45-M from Bluestone Equity Partners
California and Mumbai-based VideoVerse, a video-editing SaaS platform (formerly Toch.ai), has raised USD 45 million in a new round from Bluestone Equity Partners. VideoVerse will use the fresh funds to expand geographically and to start new verticals. In April 2022, VideoVerse raised USD 46.8 million in a Series B round led by A91 Partners, Alpha Wave Global and Binny Bansal. Earlier, it raised USD 12 million in a Series A round in October 2021. VideoVerse's platform leverages artificial intelligence models, computer vision, and machine learning to transform full-length video footage into short-form content and highlights in real-time. The company's flagship product, Magnifi, streamlines labour, time, and cost-intensive editing processes through cloud-based analysis. VideoVerse works with top-tier sports leagues & teams, broadcast networks, and content producers, such as UEFA Champions League, FA Cup, Bundesliga, Australian Open, U.S. Open, Wimbledon, NCAA Basketball, and Indian Premier League (IPL).
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