NBIF invests $750,000 in Versos AI to enhance its Video Intelligence platform aimed at providing rights-cleared video training data for AI developers.
Target Company Overview
Versos AI, headquartered in Saint John, New Brunswick, is pioneering the development of a cutting-edge Video Intelligence platform designed specifically for rights-cleared video training data. The company offers an advanced infrastructure that not only facilitates the conversion of raw video into AI-ready datasets but also provides a marketplace where AI developers can license data with complete assurance regarding provenance, rights, and attribution.
According to Chris Keevill, founder and CEO of Versos, the industry is recognizing a crucial need for rights-cleared, structured, and traceable video in AI training. Versos aims to tackle one of the most significant challenges in the AI training data supply chain by effectively bridging the gap between rights holders and data buyers through a platform that prioritizes compliance, attribution, intelligence, and scalability.
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New Brunswick Innovation Foundation
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in a Other VC deal
Disclosed details
Transaction Size: $1,850M
Equity Value: $750M