Pictory Corp., a Seattle-based AI-powered video solution that empowers content creators and marketers to edit and produce videos automatically and at scale, announced a $2.1 million seed funding.
The round was led by FUSE alongside participation from Voyager Capital. Also participating in the round are prominent Seattle angel investors Bill Bryant, Omri Bahat, Bharat Shyam, among others.
This investment, Pictory’s first external financing, will help the company aggressively expand its sales and marketing efforts as well as accelerate product development.
Pictory will further accelerate its AI-powered innovation to handle various video use cases such as extracting key messages from long-form video and text content, searching for the best visual to accompany a social post, selecting the best music track to pair with the video, text-to-speech rendering, transcribing a video, create video highlights, and more.
Company: Pictory Corp.
Raised: $2.1M
Round: Seed Round
Funding Month: January 2022
Lead Investors: FUSE
Additional Investors: Voyager Capital, Bill Bryant, Omri Bahat, and Bharat Shyam
Company Website: https://pictory.ai/
Software Category: AI-powered video solution
About the Company: Pictory is an AI-powered video solution that empowers content creators and marketers to edit and produce engaging videos automatically in minutes and at scale. Over 5000 customers globally utilize the power of Pictory to create video highlights, edit videos using text, add captions to videos, repurpose existing long-form content such as webinars, podcasts, blogs into social snippets. Pictory was founded in 2019 by Vikram Chalana, Abid Mohammed, and Vishal Chalana with many years of marketing and technology experience and is backed by world-class investors and a team of strategic advisors from the industry.
Source: https://www.businesswire.com/news/home/20220104005100/en/Pictory-Raises-2.1-Million-Seed-Financing-Led-by-FUSE