Toch.ai, an AI-driven SaaS platform, has raised $11.75 million in its Series A round led by Moneta Ventures, Baring Private Equity India, Binny Bansal, Ventureast, 9Unicorns, Anthill Ventures, Cathexis Ventures, SOSV, Artesian, and Innoven Capital.
According to Toch.ai, the funds will be used to ramp up its technology infrastructure and venture expansion into global markets with a specific focus on foreign markets.
Founded in 2016 by Vinayak Shrivastav, Saket Dandotia, and Alok Patil, Toch.ai uses artificial intelligence technology to process video content including live sporting events, television shows, or library-based content, automatically and instantly.
The Mumbai-based startup said that its algorithm automatically meta-tags images, video, and text, understands the context and identifies key moments so that businesses can auto-create and share customised digital video content using existing feeds.
