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Ozone Secures $7.1 Million In Funding To Transform Video Editing Workflows

Nov 08, 2023about 2 years ago

Amount Raised

$7.1 Million

San FranciscoEnterprise SoftwareSaasSoftware

Investors

Olive Tree CapitalSoma CapitalPioneer FundPolymath Capital PartnersBluewatch VenturesLgvpGeneral CatalystNeaY Combinator

Description

Ozone, an AI-driven pioneer in the next generation of video editing technology, today announced that it raised $7.1 million in funding and has publicly launched its cloud-based video editing platform. Investors include Y Combinator, NEA, General Catalyst, LGVP, Bluewatch Ventures, Polymath Capital Partners, Pioneer Fund, SOMA Capital, and Olive Tree Capital, as well as the founders of Dropbox, Tinder, and Lightricks. This funding round propels Ozone into the next phase of its journey, empowering content creators with innovative AI-powered video editing tools and collaborative capabilities.

Company Information

Company

Ozone

Location

San Francisco, California, United States

About

As the gateway to revolutionizing the future of creative Ozone exists to make video creation a breeze. We believe that creativity lives within everyone, and it is our mission to unlock it. Forging a harmonious blend between the latest in AI technology and state-of-the-art creative software, Ozone allows everyone to be a storyteller, regardless of background or experience level.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers