According to an official release, Bluestone Equity Partners, a private equity firm focused on the sports, media and entertainment industry, announced a growth investment in VideoVerse, an AI-powered video editing solution.
“Our partnership with Bluestone can bring innovation in the realm of media technology by unlocking the potential of AI,” Vinayak Shrivastav, CEO, co-founder, VideoVerse, explained.
“With Magnifi’s AI technology and SaaS technologies, VideoVerse can upgrade its quality and efficiency. We aim to help VideoVerse by upgrading the curation and monetisation of next-generation video and media,” Bobby Sharma, founder, managing partner, Bluestone, concluded.
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