Blackrockbacked Minute Media acquires Indian AI startup that extracts sports highlights | TechCrunch

Image for article Blackrockbacked Minute Media acquires Indian AI startup that extracts sports highlights | TechCrunch
News Source : TechCrunch

News Summary

  • Mumbai-based VideoVerse was founded in 2016 by Vinayak Shrivastav, Saket Dandotia, and Alok Patil.
  • The company is backed by Bluestone Equity Partners, A91 Partners, Alpha Wave, Evolvence India, and Moneta Ventures, and have raised $105 million in funding to date.
  • Minute Media wants to target more U.S.-based leagues with this new acquisition to get them to adopt the highlight-ating platform.
BlackRock and Goldman Sachsbacked media startup Minute Media, which owns properties like Sports Illustrated, The Players Tribune, and 90 Minutes, announced Monday that it is acquiring VideoVerse, a [+4093 chars]

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