Cutback, an AI video editing assistant, raised 3.5 billion Won in seed funding to enhance its technology and globally expand its market presence.

Information on the Target

Cutback, an AI video editing assistant led by CEO Kim Dam-hyeong, has successfully raised 3.5 billion Won in seed funding. This investment round was co-led by Kakao Ventures and Base Ventures, with participation from Smilegate Investment. Cutback caters to professional video editors by offering an AI agent that automates video editing processes. Users can upload raw footage and specify their editing preferences, allowing the AI to efficiently create draft cuts, delete repetitive segments, generate subtitles, and even translate them. The solution seamlessly integrates with existing editing tools like Adobe Premiere Pro, making it easy for professionals to adopt without disrupting their established workflows.

Launched in April 2024, Cutback has quickly garnered a significant user base, achieving an annual recurring revenue (ARR) exceeding 1 billion Won without external investment. It serves a diverse range of clients, including popular YouTubers with millions of subscribers, national and international broadcasters, production companies, and global content studios. By leveraging AI technology, Cutback enhances efficiency in the labor-intensive video editing process, cutting editing time by up to 90%.

Industry Overview in the Target’s Specific Country

The South Korean video editing industry is currently witnessing a transformative shift driven by advancements in artificial intelligence and digital content creation. As the demand for high-quality video content continues to surge, especially in entertainment and social media sectors, pro