Total amount raised
$1.1 Million
Latest funding date
7/1/2022
Location
vidyo.ai has successfully raised funding through a Non-Equity Assistance round, with notable investors including Google for Startups and Sunn91 Ventures. The platform leverages AI to repurpose video content, serving over 650K creators globally.
Keep reading to explore the intricacies of vidyo.ai's fundraising journey and the investors backing this innovative platform.
What Is vidyo.ai?
vidyo.ai, founded in 2021, is an AI-powered video repurposing software based in Bangalore, Karnataka, India. The platform is designed to help users maximize their video content, making it a valuable tool for over 650K creators globally.
Although the founders' names are not explicitly mentioned, the company operates with a team of 11-50 employees. vidyo.ai has evolved into quso.ai, offering a comprehensive suite of tools for content creation, scheduling, analytics, and video editing.
For more detailed information, you can visit their official website or check out their Crunchbase profile.
How Much Funding Has vidyo.ai Raised?
- Seed Round
- Amount Raised: $1.1M
- Date: July 2022
- Lead Investors: Entrepreneur First, Upsparks VC, Sarath Sura, PointOne Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To recruit senior and mid-level engineers, attract tech talent, and develop new AI algorithms for automating social media video editing.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to expand market reach and enhance product offerings.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: July 2024
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage strategic support and resources from Google for Startups.
Total Amount Raised: $1.1M
Current Valuation: Not publicly disclosed
Key Investors
- Google for Startups
- Details: Google for Startups is a global initiative by Google to support startups through resources, mentorship, and networking opportunities.
- Investment Focus Areas: Technology, innovation, entrepreneurship.
- Notable Investments: Not publicly disclosed.
- Entrepreneur First
- Details: A UK-based global talent investor that supports individuals in building technology companies from scratch.
- Investment Focus Areas: Early-stage startups, technology, innovation.
- Notable Investments: Tractable, Magic Pony Technology, OpenCosmos.
- Upsparks VC
- Details: A venture capital firm that invests in early-stage startups.
- Investment Focus Areas: Technology, innovation, scalable business models.
- Notable Investments: Not publicly disclosed.
- Sarath Sura
- Details: An individual investor with a focus on supporting innovative startups.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- PointOne Capital
- Details: A venture capital firm that invests in early-stage startups.
- Investment Focus Areas: Technology, innovation, scalable business models.
- Notable Investments: Not publicly disclosed.
What's Next for vidyo.ai?
vidyo.ai stands at the cusp of a significant opportunity, driven by the burgeoning content creation market. With over 80 million content creators in India alone and more than 500 hours of video uploaded to YouTube every minute, the demand for efficient video editing tools is immense. The recent $1.1 million seed funding will enable vidyo.ai to attract top tech talent and develop advanced AI algorithms, positioning it to capture a substantial share of this expanding market.
Future fundraising rounds seem likely as vidyo.ai continues to grow and innovate. The company’s ability to automate video editing could attract further investments, potentially leading to Series A and B rounds. However, the path ahead is not without challenges. Intense competition and the need for continuous innovation in AI technology will test vidyo.ai's resilience. Yet, with strategic support and a clear vision, vidyo.ai is well-equipped to navigate these hurdles and achieve its ambitious goals.
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