Company to Aggressively Build on the Recent Momentum of Acquiring 5000+ Customers in 3 months and Accelerate Rollout of Cutting-Edge AI-powered Video Solution for the Content Creator Economy
SEATTLE, WA— January 4, 2022 — Pictory Corp., 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.
The Seed financing follows a recent trend of impressive growth trajectory with the addition of 5000+ new customers reflecting 100x growth in 3 months. These new customers have been a combination of entrepreneurs who are part of the rapidly growing creator economy where over 2 million people make a full-time living as content creators, as well as marketers at companies across various industries. Video is a critical consideration for these creative entrepreneurs and marketers, yet video editing and production remains a big pain point as it is expensive, time-consuming, and requires specialized skills. Pictory’s AI-powered cloud video solution specifically solves these pain points as it empowers anyone with no video background to easily achieve the following:
- Convert webinars and long videos into short video snippets
- Automatically create short teaser videos
- Edit videos using text as easily as editing a document
- Add captions to videos automatically
- Create videos from blogs, articles, and scripts