AI Startup Minute.ly Raises $8 Million
Minute.ly, an AI-driven video enhancement company, announced Thursday (July 25) the closing of an $8 million financing round with investors including Ansonia Holdings, and strategic participation by Infront, a leading sports marketing company. They were joined by existing investor, Gilad Shabtai.
The funding will help Minute.ly continue to develop its AI-powered solutions and accelerate global expansion in order to meet growing customer demands for best-in-class video technology. Minute.ly has raised a total of $12 million in funding to date.
Minute.ly’s proprietary technology utilizes insights gathered from extensive AI analysis. The solutions automatically analyze hundreds of videos, extracting the most thrilling seconds to create smart, compelling video teasers, connecting viewers with targeted content, thereby increasing viewer engagement on broadcasting sites.
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“In today’s highly competitive market, Minute.ly gives publishers and content creators the tools they need to make the most of their video inventory, maximize revenue and cut back on costs,” said Amit Golan, Minute.ly’s CEO and Co-Founder. “This investment will enable us to continue to develop and scale our technology.”
Minute.ly offers a suite of products for content creators and publishers.