Categories: raisesVOCHI

VOCHI raises additional $2.4 million for its computer vision-powered video editing app

VOCHI, a Belarus-based startup behind a clever computer vision-based video editing app used by online creators, has raised an additional $2.4 million in a “late-seed” round that follows the company’s initial $1.5 million round led by Ukraine-based Genesis Investments last year. The new funds follow a period of significant growth for the mobile tool, which is now used by more than 500,000 people per month and has achieved a $4 million-plus annual run rate in a year’s time.

Investors in the most recent round include TA Ventures, Angelsdeck, A.Partners, Startup Wise Guys, Kolos VC and angels from companies like Belarus-based Verv and Estonian unicorn Bolt. Along with the fundraise, VOCHI is elevating the company’s first employee, Anna Buglakova, who began as head of marketing, to the position of co-founder and chief product officer.

According to VOCHI co-founder and CEO Ilya Lesun, the company’s idea was to provide an easy way for people to create professional edits that could help them produce unique and trendy content for social media that could help them stand out and become more popular. To do so, VOCHI leverages a proprietary computer vision-based video segmentation algorithm that applies various effects to specific moving objects in a video or to images in static photos.

“To get this result, there are two trained [convolutional neural networks] to perform semi-supervised Video Object Segmentation and Instance Segmentation,” explains Lesun, of VOCHI’s technology. “Our team also developed a custom rendering engine for video effects that enables instant application in 4K on mobile devices. And it works perfectly without quality loss,” he adds. It works pretty fast, too — effects are applied in just seconds.

The company used the initial seed funding to invest in marketing and product development, growing its catalog to over 80 unique effects and more than 30 filters.

Image Credits: VOCHI

Today, the app offers a number of tools that let you give a video a particular aesthetic (like a dreamy vibe, artistic feel, or 8-bit look, for example). It also can highlight the moving content with glowing lines, add blurs or motion, apply different filters, insert 3D objects into the video, add glitter or sparkles and much more.

In addition to editing their content directly, users can swipe through a vertical home feed in the app where they can view the video edits others have applied to their own content for inspiration. When they see something they like, they can then tap a button to use the same effect on their own video. The finished results can then be shared out to other platforms, like Instagram, Snapchat and TikTok.

Though based in Belarus, most of VOCHI’s users are young adults from the U.S. Others hail from Russia, Saudi Arabia, Brazil and parts of Europe, Lesun says.

Unlike some of its video editor rivals, VOCHI offers a robust free experience where around 60% of the effects and filters are available without having to pay, along with other basic editing tools and content. More advanced features, like effect settings, unique presents and various special effects, require a subscription. This subscription, however, isn’t cheap — it’s e

Read More

News Bot

Share
Published by
News Bot
Tags: raisesVOCHI

Recent Posts

Australian-Based Company Now Owns 90% of Major US Bitcoin Mining Group

An Australian-based digital infrastructure provider and crypto mining firm, Mawson Infrastructure Group Inc, now holds…

48 mins ago

Australian Broker SelfWealth to Offer Crypto Trading to its 85,000 Users

Melbourne-based SelfWealth, a non-bank low-cost online share trading platform listed on the Australian Securities Exchange…

48 mins ago

Aussie Government Blockchain Grants Program Invests $5.6 Million for Supply Chain Pilots

The federal government has funded two projects that will explore how blockchain can improve Australian…

48 mins ago

Veterans are ‘left asking questions’ as final troops withdraw from Afghanistan

As the final troops withdraw from Afghanistan, the veterans and people who were there are…

48 mins ago

Energy Trading Platform Power Ledger Switches Allegiance To Solana Blockchain

More decentralized applications (dapps) are seeking greener pastures away from the congested Ethereum network. The…

48 mins ago

UK MoD turns to hackers to help secure digital assets

beebright - stock.adobe.com Hackers given direct access to internal Ministry of Defence systems to identify…

50 mins ago