AI-powered video editing platform vidyo.ai raises $1.1 mn in seed round

vidyo.ai, an AI-powered video editing platform empowering content creators to reduce their manual workload and automate their video editing has raised $ 1.1 Million as a part of its seed round. vidyo.ai works extensively to solve the challenges and hiccups faced by millions of video creators and editors across the globe. The funds have been raised through UK-based Entrepreneur First, Upsparks VC, Super angel Sarath Sura, and PointOne Capital. The company is also backed by renowned content creators Ranveer Allahbadia (Beerbiceps), Rakesh Yadav (Co-founder Flobiz), Manish Pandey (Author & Creator Evangelist), Abhishek Ponia and several more. 

The funds will primarily be used to attract tech talent and hire senior and mid-level engineers to build a robust team. The funds will also be strategically utilized for product development and to build new AI algorithms to automate video edits for social media. 

Vedant Maheshwari, Co-Founder and CEO, vidyo.ai says, “For every 10-minute of videos we see on YouTube, close to 15-20 hours are spent ideating, editing, captioning and distributing the videos across social media. Our software can potentially reduce these 15-20 hours to less than 2 hours! With the number of creators increasing globally, there is a massive need to build the modern infrastructure stack for video creators that saves them both time and money.”

Further, Kushagra Pandya, Co-Founder and CTO, vidyo.ai, adds, "AI is now at a place where it can solve meaningful and complex problems - including video editing and social media growth. Artificial Intelligence can revolutionize the content creation industry by easing several manual processes. AI can also help video curation by watching prior clips and progressively learning and improving its decision based on how users react to the clips. Through our smart technology and proprietary AI algorithms, we are already able to ‘interpret’ video content and suggest the top moments, highlights, chapters, clips and much more. We are committed to solving the hard problems of video creators globally who we see on our screens all the time."

Vivek Kumar, Funding Manager, Entrepreneur First India, shares, "Entrepreneur First is committed to partnering with stellar founders who are solving hard problems with a global prospect. vidyo.ai ‘s founders crossed paths in our program and ever since then, they have proven their right to win repeatedly. We're excited to see what they come up with over the next few years in the creator economy space." 

Mohamad Faraz, Founding Partner, Upsparks VC added “We are excited to partner with vidyo.ai in their journey. vidyo.ai is solving a key problem in a very large creator market. The team’s razor sharp focus to empower creators is truly admirable and we believe that the team has the potential to take this to the global podcaster community and beyond.” 

Content creation as an Industry is thriving at an exceeding rate with every passing day. India has more than 80 million content creators. As per an Oxford Economics study of 2022, trends suggest that over 500 hours of video content is uploaded onto YouTube every single minute. In 2020, social media and digital content creators contributed to the Indian economy massively with an influx of INR 6,800 cr. Owing to the industry’s competitiveness, content creation and video editing have become a long, time-consuming, tedious process involving multiple people and expensive softwares. vidyo.ai is building a one-of-its-kind, AI-powered tool which would help them edit and publish their content at a much faster pace ensuring they are saving more than 80% of time spent on editing and social media publishing and analytics. The company's mission is to help video creators grow faster and focus on what “really” matters to them - creating more content. Resources and bandwidth for editing and distribution usually cost creators hundreds of dollars a month. vidyo.ai promises to reduce the turn-around time and cost for these processes significantly.

The platform was launched in December 2021, and within six months of launching, the company has worked with more than 200 content creators globally and enabled them to smartly reduce 100s of hours of work from their workflow that was spent in manual processes