Oovvuu raises $3.8m

Oovvuu has just closed a $3.8m round led by CapitalPitch and Cygnet Capital.

Ricky was a headline keynote at the IBM conference in Las Vegas earlier this year.

Founded in 2014 by former Fairfax Media and broadcast executives, Oovvuu combines ground-breaking proprietary technology with IBM Watson AI capabilities to match video from 75 global broadcasters with articles from publishers in 143 countries in near-real time.

The company’s mission is to insert contextually-relevant videos into news articles on trusted news sources around the world. Despite the video consumption boom, only seven per cent of news articles currently feature relevant videos.

“Oovvuu is one of the most exciting companies we’ve ever seen, with the potential to disrupt the advertising duopoly of Facebook and Google on a global scale.” Say Emlyn Scott , CEO of Capital Pitch 

We believe Australia needs more technology startups like Canva and Oovvuu; globally competitive companies that solve massive problems, scale up and create jobs. 

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