VideoVerse acquires Reely.ai for AI-powered video creation

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Video editing software company VideoVerse has acquired Reely.ai, which uses AI to automatically create esports and gaming videos.

The price was not disclosed. VideoVerse is a software-as-a-service platform and adds new functionality in gaming and esports videos where the demand for AI-based content creation and distribution continues to grow, said Daniel Daniel Evans, CEO of Reely.ai, in an interview. with GamesBeat.

Evans said the folks at VideoVerse found the company and asked about an acquisition. VideoVerse had something similar in sports but not in games.

"They liked how we filled that gap," Evans said. "We've spent so much time in the gaming space and building relationships with publishers and developers. We see many opportunities to help studios get their content out to the community."

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VideoVerse owns a video editing software as a service company.

Reely.ai uses AI technology tailored to gamers and streamers to streamline video content creation, automating the process from editing to hours of video and bringing out the best moments.

Reely's platform can automatically identify highlights and key moments in a game, making it easy to create highlight videos and share them across various social media channels.

"We are thrilled to welcome Reely.ai to the VideoVerse family," VideoVerse CEO Vinayak Shrivastav said in a statement. “This acquisition is a strategic step towards expanding our offerings and providing enhanced solutions to our customers in the gaming industry. We are confident that the expertise and technology of the Reely team will be instrumental in our continued innovation in the video creation and distribution landscape. Our team is always on the lookout for innovative companies like Reely to help our clients leverage cutting-edge technologies to create engaging content and grow their audience."