Ozone Secures $7.1M to Expand Its AI-Driven Collaborative Cloud Video Editing Toolkit

Ozone Secures $7.1 Million Seed Funding to Launch AI-Driven Cloud Video Editor in Open Beta

Ozone, the innovative creator of an AI-powered collaborative video editor, has successfully raised $7.1 million in seed funding and is now launching its platform in open beta. A proud graduate of Y Combinator, Ozone is dedicated to equipping content creators with AI tools that streamline repetitive editing tasks, drastically reducing the time spent on these processes from hours to just seconds. Rather than replacing human creativity, Ozone’s goal is to enhance the video creation experience, enabling creators to produce captivating content more efficiently.

Founded in 2021 by Max von Wolff, Ozone boasts a robust AI assistant that suggests editing actions, making the process more intuitive. The software includes advanced video editing features, unlimited cloud storage, and real-time collaboration capabilities similar to Figma. Users can effortlessly perform tasks such as removing silences, adding captions and animations, color correction, and integrating music, all facilitated by AI innovation.

“When I was at MIT studying computer science, I became fascinated with creativity,” von Wolff shared in an interview. “A cloud computing class inspired me to develop software that fosters creative expression. As a sophomore and international student, I chose to leave MIT to join Y Combinator, and that’s how Ozone was born. We're on a mission to create the world’s first collaborative, AI-driven video editor that operates right in your web browser.”

Ozone’s nine-person team comprises engineers, designers, and a product manager with backgrounds from leading companies like Adobe, Frame.io, InVision, and Disney.

With Ozone, users can effortlessly upload their footage and activate a range of AI functionalities with a single click, significantly speeding up what would otherwise be time-consuming manual edits. For instance, when editing a talking head video, users can quickly eliminate pauses and filler words like “um” or “uh.”

Ozone is initially focused on serving content marketers and creators producing short-form videos for platforms like TikTok, Instagram, and YouTube. As the software evolves, the company plans to cater to creators involved in longer formats, such as documentaries and feature films.

While Ozone offers many professional-grade editing features akin to those found in Adobe Premiere Pro and Final Cut Pro, von Wolff emphasizes that those tools can be complex and lack collaboration capabilities.

“Adobe has been an industry staple for decades, but their software is notoriously difficult to navigate,” von Wolff noted. “Additionally, their tools operate offline and don’t promote collaboration. Many users feel frustrated with existing solutions, and we strive to offer an equally powerful, yet far simpler tool that enhances the creative process across the board.”

Upon its public launch, Ozone plans to implement a freemium business model. Individual Pro users can access the software for $29 per month, while enterprise pricing for companies is still under discussion.

The funding raised will support Ozone in enhancing the platform, incorporating new features, and expanding AI capabilities, with exciting updates anticipated in the coming months.

Investors in this funding round include Y Combinator, NEA, General Catalyst, LGVP, Bluewatch Ventures, Polymath Capital Partners, Pioneer Fund, SOMA Capital, Olive Tree Capital, and founders from companies like Dropbox, Tinder, and Lightricks.

“Looking ahead over the next decade, we recognize that we’ve only begun to tap into a small segment of the market,” von Wolff expressed. “We will be adding more features to cover a broader range of industries and use cases. On the AI front, we foresee significant advancements in the next couple of years, enabling creators to realize their visions more quickly and with higher quality.”