AI video start-up Oovvuu raises $4.8 million - Which-50

Australian video scale-up Oovvuu has closed a second funding round, raising $4.8 million to drive its global expansion. The company uses proprietary artificial intelligence to read publishers' articles, watch broadcasters' videos and match them together, with the goal of putting relevant news video in every article in the world. Since launching in 2014, the company has partnered with 100 global broadcasters and publishers including The BBC, Reuters, Bloomberg, Agence France Presse, Associated Press and Australia's Seven West Media. Led by Cygnet Capital, the $4.8 million round was heavily oversubscribed and underpinned by institutional investors including Regal Funds Management. It follows Cygnet's initial $3.7 million investment in Oovvuu in early 2018.