Posted 12/18/2023, 12:00:00 PM
Bluestone Equity Invests $45 Million in AI Video Editing Platform VideoVerse to Tap Into Enduring Sports Content Demand
- Bluestone Equity Partners took a $45 million stake in AI-driven video editing platform VideoVerse
- VideoVerse uses AI to turn video footage into short-form, social-ready clips and highlights
- The company plans to expand geographically and into new verticals with the new funding
- Live sports remains an enduringly popular content category amid an uncertain economic climate
- This is Bluestone Equity's biggest investment to date, focused on sports, media and entertainment