Toch.ai, an AI-driven SaaS platform, has announced a USD11.75 million Series A funding by Moneta Ventures, Baring Private Equity India, Binny Bansal, Saikiran Krishnamurthy, Ventureast, Huashan Capital, 9 Unicorns, Anthill Ventures, Cathexis Ventures, SOSV, Artesian and Innoven Capital backed by (Temasek and United Overseas Bank).
According to Toch.ai, the funds will be used to ramp up its technology infrastructure and venture expansion into global markets with a specific focus on foreign markets.
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.
“We are helping businesses to reimagine what is possible with digital video. 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,” said Vinayak Shrivastav, co-founder and CEO of Toch.ai.