VideoVerse secures fresh capital from Bluestone

Private equity Bluestone Equity Partners has invested in the AI-powered video editing tech firm, VideoVerse. Although the funding amount remains undisclosed, a report from YourStory estimates an investment of around $45M.

• Funding Ventures: This marks Bluestone's third investment and its inaugural venture into the realm of SaaS companies from its $300M fund initiated in Q1 of 2023.

• Founder Sentiments: CEO & Co-founder of VideoVerse, Vinayak Shrivastav, is excited about the partnership with Bluestone, highlighting the company’s focus on global expansion and harnessing the limitless potential of AI in media technology.

• Branching Out: Concurrently, VideoVerse Co-founders, Saket Dandotia and Alok Patil, have launched Onetab, a new startup focusing on AI-based SaaS solutions. They aim to generate $200M in revenue in the next three years.

• Unique Offering: VideoVerse’s AI-infused SaaS platform, Magnifi, transforms full-length videos into concise, real-time short-form content and highlights. Its clientele includes global sports and entertainment broadcasters like the UEFA Champions League, FA Cup, and Wimbledon.

• Previous Funding: Last year, VideoVerse secured $46.8M in Series B funding, led by A91 Partners, Alpha Wave Global, and Binny Bansal, the ex-co-founder of Flipkart.

Founded in 2016, the US and India-based VideoVerse is a global player, employing AI technology to process diverse video content autonomously.