A SaaS company called VideoVerse that specialises in video editing acquired the AI-driven design tool Optikka for an undisclosed sum. By enhancing its media management, design, and publishing skills, this proactive step aims to improve VideoVerse’s immediate content digitization platform, Magnifi.ai.
Charles Duncan, the founder and innovative technologist of Optikka, and Nick Arciero, a creative strategist, have joined the team at VideoVerse as a result of the purchasing. Both leaders have extensive backgrounds in different Disney business units.
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The combination of Magnifi and the cutting-edge machine learning technological advances from Optikka is what motivated the acquisition of VideoVerse. Through this partnership, customers will have the ability to quickly and easily turn a sizable number of assets into emphasises and narrative packages that are consumer-ready and completely designed.
Alok Patil, Saket Dandotia, and Vinayak Shrivastav founded VideoVerse in 2016. The company initially concentrated on using machine vision and artificial intelligence (AI) abilities to create instant significant events and automatically short-sized clips. Currently, VideoVerse provides services to businesses.
Charles Duncan founded Optikka, which was initially designed to produce images for people who are blind. The platform has developed into a generative artistic and creative coding-based AI design solution.
