VideoVerse, a New York-based provider of a video-editing SaaS platform, acquired Reely.ai, a Miami, FL-based prominent Esports AI-Powered content creation, and social media distribution company.
The amount of the deal was not disclosed.
With the acquisition, VideoVerse will enhance its existing capabilities and serve its customers in the gaming and esports sectors.
Led by CEO Daniel Evans, Reely.ai leverages proprietary computer vision technology and artificial intelligence to identify, segment, and rate key events (highlights) in live streaming and stored VOD content. The technology makes it possible for sports teams, content creators, and esports organizations to deliver their plays to social audiences in real time while creating new workflows for content production, brand marketing, and monetization.
Led by CEO Vinayak Shrivastav, VideoVerse builds a video editing ecosystem, addressing a broad range of use cases in the post-production process. It serves enterprises across numerous industries – OTT players, broadcasters, sports clubs and leagues, marketing agencies, e-gaming platforms and more.
The company today has offices in the U.S., Europe, Israel and India and is expanding to Singapore and the Middle East by the end of this year.
VideoVerse has already started integrating Reely.ai’s technology into its existing suite of solutions to expand and improve its capabilities in the gaming market. The company will provide advanced tools to players, streamers, and content creators looking to develop, share, and extend the reach of high-quality video content.
FinSMEs
12/04/2023