Video Enhancement Startup Minute.ly Raises $8 Million

Tel Aviv-based video enhancement company Minute.ly, incorporated as Minute Spoteam Ltd., announced Thursday the closing of an $8 million funding round. Singapore-based asset management company Ansonia Holdings Singapore BV and Zug, Switzerland-based sports marketing company Infront Sports & Media AG participated in the round.

Founded in 2014, Minute.ly uses artificial intelligence tools to automatically analyze videos and create video teasers for publishers and broadcasters. The company has raised $12 million to date.