Toch.ai, a Mumbai-based SaaS startup, has raised $11.75 million in Series A funding to create a new way to manage digital video content.
The round counted with participation from investors like Moneta Ventures, Baring Private Equity India, SOSV, Binny Bansal, Saikiran Krishnamurthy, 9 Unicorns, Ventureast, Huashan Capital, and Anthill Ventures. This brings the total funding raised by the startup to $13.3 million. Sabya Das, Partner at Moneta Ventures, referred to the round by stating:
“We are incredibly excited to partner with Vinayak and the team at Toch.ai. This round of funding will enable the company to continue innovating on their market-leading technology, and will fund expansion into new markets across North America and globally. The platform is redefining how short-form video content is created and shared with consumers. Toch is already powering several of the largest sporting events and franchises in the world, and we are thrilled to work alongside Vinayak as the company continues to rapidly scale its operations.”
Toch.ai was founded by Vinayak Shrivastav, Saket Dandotia, and Alok Patil back in 2016 with the mission to start an AI-powered digital video content revolution. Toch.ai’s state-of-the-art technology allows its users to process content quickly, drive engagement, and increase revenue, all while reducing operational costs and improving risk management.
With significant revenue growth reaching 300%, Toch.ai has expanded its customer base to more than 15 countries and over 500 active subscribers. Now, the startup is aiming to expand its ecosystem of video tools to position itself as a major player on a global scale. Vinayak Shrivastav, Co-founder and CEO of Toch.ai, said about the startup’s success:
“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.”
The $224 billion digital video advertising and digital video content industry has long been plagued by inconveniences ranging from time-consuming and manual processes, limited engagement of consumers, and low earning potential. Toch.ai is determined to end these inconveniences by creating a platform that solves the need for manual work, opening the doors to a new age of innovation and creativity.