US-based video editing compaby VideoVerse has announced the acquisition of Reely.ai, an AI-powered content creation platform focused on sports, esports and gaming.
The acquisition will see Reely integrated into VideoVerse, thus improving the company’s content creation offerings in the esports and gaming segments. Financial details were not disclosed.
Reely was most known for its set of AI-powered tools that allowed for much faster content creation, video production and editing.
The company’s platform automatically finds highlights and key moments from livestreams in games such as Fortnite or Rocket League, and creates videos based on those moments ready to share on social media.
Reely’s product works for esports matches and streams on Twitch and other platforms, and offers similar offerings for traditional sports matches.
VideoVerse meanwhile offers similar tools, including Illusto, which helps users edit videos via AI.
The acquisition positions VideoVerse with a tool that will allow it to be present in the esports and gaming markets. The company noted that it is already working on integrating Reely’s technology into its existing solutions to help improve its presence in the gaming market.
Daniel Evans, CEO of Reely.ai, commented in a release: “VideoVerse’s comprehensive expertise in short-form video creation and distribution, combined with the latest AI and ML technology, pairs perfectly with our real-time gaming solutions.
“This collaboration will generate immense value for teams and content creators. AI is experiencing a significant moment, and we are eager to merge our advanced video solutions to fuel innovation in the industry.”