Ozone Secures $7.1 Million In Funding To Transform Video Editing Workflows
Nov 08, 2023•about 2 years ago
Amount Raised
$7.1 Million
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers