VerSe Innovation is the parent firm of popular news aggregator Dailyhunt and short video app Josh.
VerSe Innovation builds technologies that enable creative endeavours.
VerSe was founded in the year 2007 by Virendra Gupta and Umang Bedi. The company is headquartered in Bangalore, Karnataka, India.
VerSe Innovation is betting on building a family of apps that serves users in scores of local languages. Dailyhunt, for instance, offers its content in 14 languages from over 100,000 content partners and creators.
VerSe Innovation's proprietary technology platform powers 300 million+ users to consume content in their local language. Its technology also powers India’s #1 and most engaging short video app, Josh.
VerSe is advancing in the field of AI/ML to make our applications safe, engaging and relevant. Its models process millions of videos entering our system to ensure only safe and good quality videos are selected for user consumption.
VerSe is backed by Baillie Gifford, Carlyle Global Partners, B Capital Group, Canada Pension Plan Investment Board, Siguler Guff & Company, Luxor, Sofina, Qatar Investment Authority, Sumeru Ventures, Glade Brook Capital Partners, CPPIB, and others. The company raised $805M in new financing on Apr 06, 2022. This brings VerSe's total funding to $1.7B to date. The latest round valued the company at $8B post-money. This follows a $3.1B gained from Series I raised in Jan 2022.