Toch.ai raises $11.75 million

Toch.ai, a software-as-a-service platform announced an $11.75million Series A funding by Moneta Ventures, Baring Private Equity India, Binny Bansal, Ventureast, 9 Unicorns, Anthill Ventures, Cathexis Ventures, SOSV, Artesian and Innoven Capital. The firm provides its technology to entertainment companies, streaming apps, and media platforms globally to edit and present digital video content. The funding will be used to scale up technology infrastructure and venture expansion into global markets with a specific focus on foreign markets. The firm was founded in 2016 by Vinayak Shrivastav, Saket Dandotia and Alok Patil. The $224-billion digital video content and digital video advertising industry has long been plagued with time-consuming, manual processes.