AI-powered video modifying platform vidyo.ai raises $1.1 million in seed spherical

AI-powered video modifying platform vidyo.ai raises $1.1 million in seed spherical

AI-powered video modifying platform vidyo.ai has raised $1.1 million as part of its seed spherical. The funds have been raised by UK-based Entrepreneur First, Upsparks VC, Sarath Sura, and PointOne Capital. The firm can also be backed by famed content material creators Ranveer Allahbadia (Beerbiceps), Rakesh Yadav (co-founder Flobiz), Manish Pandey (writer and creator evangelist), Abhishek Ponia and a number of other extra. vidyo.ai claims to work extensively to resolve the challenges and hiccups confronted by hundreds of thousands of video creators and editors throughout the globe.

Entrepreneur First is dedicated to partnering with stellar founders who’re fixing exhausting issues with a worldwide prospect, Vivek Kumar, funding supervisor, Entrepreneur First India, said. “vidyo.ai’s founders crossed paths in our program and ever since then, they have proven their right to win repeatedly,” he added.

As per the corporate, the funds will primarily be used to draw tech expertise and rent senior and mid-level engineers to construct a sturdy staff. The funds can even be strategically utilised for product growth and to construct new AI algorithms to automate video edits for social media. “For every 10-minute of videos we see on YouTube, close to 15-20 hours are spent ideating, editing, captioning and distributing the videos across social media. Our software can potentially reduce these 15-20 hours to less than two hours. With the number of creators increasing globally, there is a massive need to build the modern infrastructure stack for video creators that saves them both time and money,” Vedant Maheshwari, co-founder and CEO, vidyo.ai, mentioned.

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