Tuesday, 9 July 2019

Toch, a media-tech platform, raises Pre-Series A funding from Mumbai Angels Network

Mumbai, July 9, 2019:  Toch (Vogueme Technologies Pvt Ltd), an interactive video platform using AI and deep learning technology, raises funding by Mumbai Angels Network (MA Network), alongside Hyderabad Angels (HA Network) and other investors.
The Mumbai based firm founded in 2016 by Vinayak ShrivastavAlok Patil, andSaket Dandotia will use the funds to enhance technology, scale their team and operations.

Toch is an AI video platform which auto detects any object, person, emotion, location, scene and activity in real time, inside any video content enabling monetization. The technology detects touch points, extracts meta-data to enrich content data points, and automates the meta-tagging process. Toch is a go-to solution for multiple platforms helping them monetize content and use meta-data for multiple data collection internally. Toch helps both businesses and consumers engage with their users; bridging the gap between content and commerce through ad sales, product sales, brands and advertisers. With Live commerce becoming the centre in the country after China, Toch has positioned itself as a platform to enable the new-age discovery solution for users.
“As an investor in Toch, I think the AI technology created by the company will revolutionize the streaming platform industry. Toch has a huge potential in terms of customer base through Live commerce experience which is the next big wave in the country,” said Gaurav Satija, MA Network Investor.
“We believe Toch is an innovative tech platform and making content shoppable is the next big move in the country.  Monetizing videos will enable content creators to engage and deliver more value to customers. Toch has built a sector agnosticsolution which supports the rapid growth in video AI. We see technology continuing to shape the future of media and a strong space for investment which will enable us to take part in this modern shopping era that is driven by visuals.  We are incredibly excited to welcome Toch to the growing MA Network portfolio,” said Nandini Mansinghka, MA Network CEO & MD.
About Mumbai Angels Network:
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing.  The network is today 400+ members strong, across 7 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 8000 companies we review every year. MA Network now has a 130+ strong portfolio with 30+ exits; several of whom were at multiples comparable with global benchmarks in new venture investing.
About Toch: 
Founded in 2016, TOCH is an video AI solution built on proprietary artificial intelligence and blockchain technologies which are directed to fully unleash the potential of videos in online communication and e-commerce. TOCH has been focusing on identifying meta-tags and making any streaming videos data rich, e-shoppable by tagging in-video products to major e-commerce sites or partner e-shops and unleashing the experience of live commerce.  Further down the road, Toch will expand to accommodate a platform where users can discover content basis their interest.

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