AI augmented video company Octi raises $7.5 mln

Los Angeles-based Octi, an augmented video creation company leveraging machine learning and computer vision, announced that it has raised a seed round of $7.5 million with participation from Shasta Ventures, I2BF Ventures, Bold Capital Partners, Day One Ventures, Human Ventures, Live Nation and AB InBev. Joining the round are a number of individuals, including Tom Conrad, former VP of product at Snap; Shiva Rajaraman, chief product officer of technology at WeWork; Scott Belsky, chief product officer of Adobe; Abbe Raven, chairman at A&E Networks; and Joshua Kushner.

Octi also said it has entered into a strategic investment and partnership with the NFL Players Association via its athlete-driven accelerator, the OneTeam Collective. The partnership will enable fans to create videos in which they interact with NFL player avatars.

Source: Company announcement