Overcast HQ Raises €1.2M to Shape the Future of Video Content Management!
Dublin, Ireland: 4th June 2024 – Overcast HQ has recently raised a $1.1 million bridging round to help the world’s largest brands and broadcasters manage terabytes of video content through a suite of AI-powered solutions.
The round brings together a series of heavyweight angel investors including Paddy Flynn, VP of Maps for Google, Professor Anil Kokaram, Chair of Electronic Engineering at Trinity College Dublin and former lead of the Media Algorithms team at YouTube, David Shackleton, who sold Openback to X (formerly Twitter), as well as George Kilpatrick, Overcast HQ’s Chief Revenue Officer.
Overcast HQ was founded by CEO Philippe Brodeur and works with brands including Diageo, Vodafone and Mediatel. We have recently announced the launch of powerful new generative AI capabilities that enable customers to automate metadata tagging, find content with conversational search functionality, and increase speed to market.
The funds will be used to further grow the team and continue AI product development, as we expand our client footprint across the globe.
“We are grateful to our investors for this show of faith in the company. We are seeing increased demand among the world’s largest brands and broadcasters for next-generation video asset management solutions to help them leverage the assets they have to deliver output at a speed they’ve never known before.”
Check out all the media coverage highlights here.
The platform’s new generative AI capabilities were announced alongside Amazon Web Services at this year’s NAB Show in Las Vegas. This comes as new Director of AI, James Whitebread, joins the company, bringing with him over 25 years of experience in various CIO/CTO/CDO roles at organisations including Hotelbeds and the Royal Opera House. James will be leading on the new AI functionality and will be looking to roll out new AI products as Overcast HQ continues to grow.
Overcast is currently building towards a Series A funding round to turbocharge growth.
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