Clipto uses AI to search terabytes of video and is now valued at $250M
Clipto, a startup developing artificial intelligence to index and search local media files, has achieved a $250 million post-money valuation after closing a $15 million funding round. The company reached $15 million in annual recurring revenue and net profitability prior to securing the investment. Founded by Henry Kang, the service allows users to organize and query video, audio, and text collections locally on their devices.
Key Takeaways
- As generative software accelerates the creation of digital media, startup Clipto is focusing on managing the resulting influx of content.
Investors participating in the round include HSG, GL Ventures, EnvisionX Capital, Palm Drive Capital, Hans Tung, Lu Zhang, and 522 Ventures.
- Founded in 2023 by former Carnegie Mellon University researcher Henry Kang, Clipto indexes audio, video, images, and documents stored directly on a computer.
Processing takes place locally on the user's hardware rather than through cloud servers.
- The startup also recently adopted the Model Context Protocol to help AI tools interact with local device files.
Major technology firms including Adobe, Apple, and Google offer AI search tools, but those features usually remain limited to their own proprietary ecosystems.
- For people following AI development, the platform highlights how practical tools can focus on organizing existing user content rather than merely generating new media.
Clipto raised $15 million in an all-equity round at a $250 million valuation after becoming profitable and reaching $15 million in annual recurring revenue.
- Clipto recently integrated support for the Model Context Protocol standard to safely connect indexed local data with third-party applications upon user request.
Stats & Key Facts
- #Clipto, a startup developing artificial intelligence to index and search local media files, has achieved a $250 million post-money valuation after closing a $15 million funding round.
- #The company reached $15 million in annual recurring revenue and net profitability prior to securing the investment.
- #Headquartered in San Francisco with teams in Singapore and Hong Kong, the company raised $15 million in an all-equity funding round that values the business at $250 million.
- #Investors participating in the round include HSG, GL Ventures, EnvisionX Capital, Palm Drive Capital, Hans Tung, Lu Zhang, and 522 Ventures.
As generative software accelerates the creation of digital media, startup Clipto is focusing on managing the resulting influx of content. Headquartered in San Francisco with teams in Singapore and Hong Kong, the company raised $15 million in an all-equity funding round that values the business at $250 million. Investors participating in the round include HSG, GL Ventures, EnvisionX Capital, Palm Drive Capital, Hans Tung, Lu Zhang, and 522 Ventures.
Clipto achieved net profitability and reached $15 million in annual recurring revenue prior to taking the new capital. Founded in 2023 by former Carnegie Mellon University researcher Henry Kang, Clipto indexes audio, video, images, and documents stored directly on a computer. Processing takes place locally on the user's hardware rather than through cloud servers.
Users can locate items using plain language or through connected models like Claude and ChatGPT. To safeguard privacy, external software can only access indexed files when given explicit user authorization. The startup also recently adopted the Model Context Protocol to help AI tools interact with local device files.
For more details please read the original article at TechCrunch AI.
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