Toch.ai, an AI-driven SaaS platform, Wednesday announced that it has raised $11.75 million in its Series A funding round led by Moneta Ventures, Baring Private Equity India, Binny Bansal, Ventureast, 9 Unicorns, Anthill Ventures, Cathexis Ventures, SOSV, Artesian and Innoven Capital.
The startup plans to use the funding to scale up technology infrastructure and venture expansion into global markets with a specific focus on the foreign markets, it said in a statement.
Founded in 2016 by Vinayak Shrivastav, Saket Dandotia and Alok Patil, Toch.ai uses artificial intelligence technology to process video content including live sporting events, television shows, or library-based content, automatically and instantly.
Its algorithm automatically meta-tags images, video, and text, understands the context and identifies key moments so that businesses can auto-create and share customised digital video content using existing feeds, be it live or recorded, and match and adapt content to meet the changing demands of consumers.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced from October 7-13, 2021.
