Ittybit, a London, UK-based tools company enabling developers to add video, images, and audio to an app in minutes, raised £1.5M in funding.
The round was led by Mercuri and Sure Valley Ventures, with participation from Oxford Capital, angel investors, and Baltic Ventures.
The company intends to use the funds to expand operations and its development efforts.
Founded by Paul Williams, Ittybit provides APIs and tools designed to simplify the uploading, storing, and delivery of large video, image, and audio files. Leveraging computer vision models, the system empowers developers to filter unsafe uploads, enhance content searchability, and automate tagging and transcription processes. Its AI-based compression tool (akin to those used by industry giants like Netflix and Meta) ensures faster downloads and reduced storage costs without compromising visual quality.
FinSMEs
06/06/2024