Ozone – an AI-driven pioneer in the next generation of video editing technology – recently announced that it raised $7.1 million in funding and has publicly launched its cloud-based video editing platform. The investors in this round 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 also propels Ozone into the next phase of its journey, empowering content creators with innovative AI-powered video editing tools and collaborative capabilities.
Even though video content creation has seen a meteoric rise over the past decade, video editing workflows have largely revolved around navigating complex user interfaces, stitching together disparate tools, and dealing with painfully slow download and upload times.
Ozone has been building the first platform to bring all of this under one roof. And by simplifying video editing workflows, Ozone offers a platform to give creators the means to work more efficiently and creatively. Powered by proprietary context-aware AI and next-gen cloud video streaming technology, Ozone also gives creators tools that work with them, not against them.
Ozone’s goal goes beyond just another video editing platform; the aim is to usher in a new era of content creation where storytelling and context-sensitive AI workflows intersect. And this recent funding round underscores the belief in Ozone’s potential to usher in a new era of content creation.
With this funding round, Ozone is expected to take bold steps toward realizing this vision. This funding round will further develop AI capabilities, expand collaborative features, and enhance user experience.
Ozone is also committed to refining its platform to offer creators a seamless, efficient, and innovative video editing solution that empowers creators to focus on their creativity rather than the technicalities of the editing process. And by investing in research and development, Ozone will continue to explore cutting-edge AI technologies, ensuring that the platform remains at the forefront of the content creation revolution.
KEY QUOTES:
“Today, creators often find themselves using outdated tools like Adobe’s Premiere Pro, which can be challenging to use, or web-based platforms like Canva, which have limited editing capabilities. As a result, creators and their teams spend too much time on tedious editing and not enough time on the creative aspects of content generation.”
— Max von Wolff, founder and CEO of Ozone
“When we saw the initial product demo from Max, we realized it was a technical feat to be able to handle editing of rich video content seamlessly in a web app with multiple editors collaborating at once. We think Ozone is well-poised to redefine the creative tooling space with the help of AI and we could not be more excited to partner with the team.”
— Jonathan Golden, Partner at NEA
