vidyo.ai Raises $1.1 Million in Seed Round | The SaaS News
Summary
vidyo.ai, Bangalore, India-based AI-powered video editing platform, raised $1.1 million in seed round, backed by UK-based Entrepreneur First, Upsparks VC, Sarath Sura, and PointOne Capital.The company is also backed by renowned content creators Ranveer Allahbadia (Beerbiceps), Rakesh Yadav (co-founder Flobiz), Manish Pandey (author and creator evangelist), Abhishek Ponia, and more.The funds will primarily be used to attract tech talent and hire senior and mid-level engineers to build a robust team. The funds will also be strategically utilized for product development and to build new AI algorithms to automate video edits for social media.About the Company: vidyo.ai is a venture-funded startup building the infrastructure stack for modern video creators. Vidyo.ai is a cloud-based software that helps global video creators expand their reach with minimum effort. vidyo.ai goal is to develop an AI-powered tool that will assist content producers in editing and publishing their work at a faster rate with time savings of more than 80%. The companys mission is to help video creators grow faster and focus on what really matters to them creating more content.