[Funding alert] Media-tech platform Toch raises an undisclosed amount in Pre-Series A funding
Summary
Founded in 2016 by Vinayak Shrivastav, Alok Patil and Saket Dandotia, the platform uses artificial intelligence (AI) and deep learning technology to detect objects, people, emotion, location and activity seen in the video content in real-time. Speaking on the occasion, Founder and CEO Vinayak Shrivastav said, The media-tech platform also detects touchpoints, extracts metadata to enrich content data points, and automates the meta-tagging process. With a focus on gaining market traction at present, the startup is planning to rebrand itself in live commerce category before the end of the third quarter. In an official statement, Rathnakar Samavedam, Portfolio Manager at Hyderabad Angels said that the vision of the founders excites them in supporting Toch’s growth. Going forward, it hopes to build a social media platform where users can share ideas, views and their smart videos by leveraging the ‘Toch intelligence’.