AI-driven SaaS Startup Toch.ai Raises Series A Funding
AI-driven SaaS platform Toch.ai has raised $11.75 million in a Series A funding round led by Moneta Ventures, Baring Private Equity India, 9Unicorns, Anthill Ventures, Binny Bansal, Ventureast, Cathexis Ventures, SOSV, Artesian, and Innoven Capital (backed by Temasek and United overseas bank).
As per the startup, the raised funds will be used to scale up its technology infrastructure and venture expansion into global markets with a specific focus on foreign markets.
Toch.ai | AI-driven Platform
Founded by Vinayak Shrivastav, Alok Patil and Saket Dandotia in 2016, Toch.ai is an AI-driven platform that helps broadcasters, OTT platforms, media platforms, and creators to revolutionize videos.
The startup uses AI to process video content, including live sporting events, television shows, or library-based content, automatically and instantly.
Speaking on the development, Vinayak Shrivastav, Co-founder and CEO of Toch.ai, said,
“Our technology is driving revolutionary changes in the way video content is edited, presented and consumed. This enables businesses, whether it be a broadcaster, streaming service, or sports team, to offer the right dynamic video content at the right time, meeting and exceeding their customer’s expectations, and growing revenue while managing risks and reducing costs. Our next journey is going to see us focusing on building an ecosystem of video tools around the company that will work towards defining itself as a global SaaS company.”
Through its proprietary technology, Toch helps its partners to drive engagements, increase interactions, and grow revenue across their video content while managing risks and reducing costs.
Its AI-driven technology enables content providers to offer the right content at the right time, meeting and exceeding their customer’s expectations.
In April 2020, Toch.ai raised $400K in a pre-Series A funding round led by Inflection Point Ventures (IPV).
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