VideoVerse, backed by Binny Bansal, secures $45 million funding

VideoVerse, backed by Binny Bansal, secures $45 million funding for its cutting-edge AI-powered video editing solution.

Updated: January 6, 2024

VideoVerse, backed by Binny Bansal, secures $45 million funding for its cutting-edge AI-powered video editing solution. The SaaS platform from VideoVerse harnesses the power of AI models, computer vision, and machine learning to seamlessly convert extensive video footage into dynamic short-form content and highlights in real-time.

Established in 2016 under the name Toch.ai, VideoVerse operates as a comprehensive cloud-based real-time video editing platform designed for OTT companies, broadcasters, and marketing agencies.

The company's primary offering, Magnifi, revolutionizes traditional editing processes by utilizing cloud-based analysis, eliminating the need for manual labor, reducing time constraints, and minimizing costs.