AI driven video processing startup Toch.ai launches a Rs. 100 crores startup fund
- ByTejika Bajaj | November 13, 2021
AI driven startup Toch.ai has launched a Rs. 100 crore startup fund to invest in audio and video technology startups across the world. The company would also provide networking opportunities and advisory to the startups along with capital infusion.
Commenting about the launch of the startup fund, the CEO and Co-founder ofToch.ai, Vinayak Shrivastav stated, “The video-tech industry has seen record-breaking growth in the last few years, and we are confident that this is just the beginning. With proper support and encouragement for the talent and innovation in the country, we want to be the vehicle of growth and expansion of the video tech industry in India & globally. We believe we have a collective responsibility to grow this industry with cutting edge and new-age solutions to address the evolving needs and changing demands of the end customers”.
With the launch of the fund, the startup would be looking to expand its audio-video technology offering by investing and acquiring new-age, promising startups that disrupt the audio-video technology market.
Talking about the operational aspect of the fund, the Head of Finance at Toch.ai, Ritesh Mehra said, “We have decided to put aside substantial capital over a period of time to bring some of the most disruptive technologies and solutions to the forefront. We believe this to be an investment in the future of video-tech that is sure to give positive results and transform the industry as we know it.”
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