SaaS startup Toch.ai Raises $11.7M in Series A funding
SaaS-based platform Toch.ai recently raised $11.7M in Series A funding including Moneta Ventures, and Baring Private Equity India among others. Binny Bansal, Ventureast, 9Unicorns, Anthill Ventures, Cathexis Ventures, SOSV, Artesian, and Innoven Capital also participated in the round.
The company plans on utilising the capital raised to scale technology infrastructure and expand into the global market.
Toch.ai was founded in 2016 by co-founders Vinayak Shrivastav, Saket Dandotia, and Alok Patil. The platform uses AI to process video content like live sporting events, television series, and library-based content. Its clientele includes creators, OTT platforms, and media platforms.
Co-founder and CEO Vinayak Shrivastav commented, “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.”
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