Global creator company Jellysmack has announced their acquisition of UK-based AI editing technology startup Kamua. This is the company’s first acquisition and further reinforces Jellysmack’s plans to utilize its recent funding from SoftBank’s Vision Fund II to fuel enterprise acquisitions and international expansion.
The company said in a statement, “Once integrated, Kamua will operate fully under the Jellysmack name and brand. Jellysmack plans to keep all of Kamua’s existing full time staff, including core programmers located in Romania. Kamua’s CEO, Paul Robert Cary, will join the Jellysmack executive team as Vice President Technology, Editing Solutions. The acquisition also marks a significant milestone for Romania-based AI engineering, Europe’s hottest new technology talent pool. Under Cary’s leadership, Kamua has achieved outstanding benchmarks in less than one year of operations, even outperforming AI systems developed by major technology players. Cary looks forward to further innovating new time-saving AI-powered editing solutions under the Jellysmack name.”
“Kamua’s goal has always been to make video editing as efficient as possible by automating the kind of work most editors don’t enjoy. With the resources and muscle Jellysmack has to offer, we can fully realize that vision at an even faster rate,” said Cary. “I’m excited our auto-magical video technology will be used to edit some of the most-watched content in the world and serve some of the most popular creators on the internet.”
Robin Sabban, co-founder and co-CEO of Jellysmack added, “Jellysmack proudly boasts the best video creator tech stack in the world, and the acquisition of Kamua will further strengthen our core product to better serve our creator partners. We’ve seen explosive growth in the past year, fueled even more so by the investment from SoftBank, and Kamua’s time-saving technology will help us keep pace with our trajectory. We couldn’t be more excited to bring the talented Kamua team into our Jellyfamily.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.