VideoVerse acquires Reely.ai for AI-driven video creation
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Video editing software firm VideoVerse has acquired Reely.ai, which uses AI to automatically create esports and gaming videos.
The price wasn’t disclosed. VideoVerse is a software-as-a-service platform and it is adding new capabilities in gaming and esports videos where demand for AI-driven content creation and distribution continues to grow, said Daniel Daniel Evans, CEO of Reely.ai, in an interview with GamesBeat.
Evans said the VideoVerse folks found the company and asked about an acquisition. VideoVerse had something similar in sports but not in gaming.
“They liked how we filled that gap,” Evans said. “We’ve spent so much time in the game space and built relationships with publishers and developers. We see a lot of opportunity to help studios get their content out to the community.”
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Reely.ai uses AI technology tailored to gamers and streamers so it can streamline video content creation, automating the editing process by going through hours of video and surfacing the best moments.
Reely’s platform can automatically identify highlights and key moments within a game, simplifying the creation of highlight videos and sharing them across various social media channels.
“We are delighted to welcome Reely.ai to the VideoVerse family,” said Vinayak Shrivastav, VideoVerse CEO, in a statement. “This acquisition is a strategic step towards expanding our offerings and delivering enhanced solutions to our customers in the gaming industry. We
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