Ozone raises $7.1M to scale its cloud-based AI-powered collaborative video editor.

Ozone is a cloud-based video editor that uses AI to help content creators complete repetitive editing tasks quickly and efficiently. The company has raised $7.1 million in seed funding and is launching in open beta. Ozone is initially targeting content marketers and content creators who are making short-form content for apps like TikTok, Instagram and YouTube. As the company adds more advanced editing capabilities over time, it plans to target creators who make longer content, such as documentaries and films. Ozone offers many of the professional grade editing features supported by Adobe Premiere Pro and Final Cut Pro, but it is much easier to use and allows for collaboration. The company plans to have a freemium business model, with individual Pro users paying $29 per month and companies paying an enterprise price that has not yet been set.

Link to the original story: https://techcrunch.com/2023/11/08/ozone-raises-7-1m-to-scale-its-ai-powered-collaborative-video-editor/