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Venture Capital News: Pictory Scoops Up $2.1M Seed Financing Round

2022-01-04
SEATTLE, WA, Pictory today announced a $2.1 million seed round.
Pictory, an AI-powered video solution that empowers content creators and marketers to edit and produce videos automatically and at scale, today announced a $2.1 million seed round led by FUSE alongside participation from Voyager Capital. Also participating in the round are prominent Seattle angel investors Bill Bryant, Omri Bahat, Bharat Shyam, among others. This investment, Pictory's first external financing, will help the company aggressively expand its sales and marketing efforts as well as accelerate product development.

Pictory is an AI-powered video solution that empowers content creators and marketers to edit and produce engaging videos automatically in minutes and at scale. Over 5000 customers globally utilize the power of Pictory to create video highlights, edit videos using text, add captions to videos, repurpose existing long-form content such as webinars, podcasts, blogs into social snippets. Pictory was founded in 2019 by Vikram Chalana, Abid Mohammed, and Vishal Chalana with many years of marketing and technology experience and is backed by world-class investors and a team of strategic advisors from the industry.
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