Toch.ai raises close to $12M in Series A round

toch.ai funding

Toch.ai, an AI-driven SaaS platform, announced that it has raised $11.75 million in a Series A round.

The funding round was led by Moneta Ventures, Baring Private Equity India, Binny Bansal, Ventureast, 9Unicorns, Anthill Ventures, Cathexis Ventures, SOSV, Artesian, and Innoven Capital (backed by Temasek and United overseas bank).

The startup will use the freshly raised funds to ramp up its technology infrastructure and expand into global markets.

Commenting on the investment, Arul Mehra, Partner at Baring Private Equity India, said, “We believe that AI can make a lot of difference to how content is generated and consumed. Toch.ai is equipped with top-notch technology and a team which is greatly contributing to the revolution seen in the video sector. Thus, we see this as a huge opportunity to be a part of this change as we partner with Vinayak and the team as they chart out the journey towards becoming leaders in the video-tech space.” 

Established by Vinayak Shrivastav, Saket Dandotia, and Alok Patil in 2016, Toch employs AI technology to process video content including live sporting events, television shows, or library-based content, automatically and instantly.

Its algorithm automatically meta-tags images, video, and text, understands the context and recognizes important moments so that companies can auto-create and share customized digital video content via existing feeds, be it live or recorded, and match and accommodate content to meet the changing demands of consumers.

Speaking about the funding, Vinayak Shrivastav, co-founder and CEO of Toch.ai said, “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. Our next journey is going to see us focusing on building an ecosystem of video tools around the company that will work towards defining itself as a global SaaS company.

Toch.ai appears to be an interesting SaaS platform offering innovative solutions. I believe with the latest developments, the company will reach new heights of success. My best wishes to the team of Toch.ai.

Shishir Gupta, Founder and CEO, StartupLanes

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