Announced
Financials
Tags
video editing
artificial intelligence
United States
Software
Acquisition
Domestic
Minority
Private
Private Equity
Pending
Friendly
Single Bidder
Synopsis
Bluestone Equity Partners, a global private equity firm, agreed to invest in VideoVerse, an internationally-acclaimed AI-powered video editing solutions provider. Financial terms were not disclosed. “With media companies and streamers now producing millions of hours of video every minute, demand for curated content has skyrocketed. VideoVerse’s editing solutions are now an indispensable asset within the video creation ecosystem, with Magnifi, in particular, facilitating a seamless and highly-efficient process for curation, production, and distribution," Vinayak Shrivastav, VideoVerse CEO & Co-Founder.
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