Ittybit has secured £1.5m in a funding led by Mercuri and Sure Valley Ventures to help propel growth in their mission to revolutionise AI-led file management.
As online content consumption soars, there is a growing demand for managing digital files, particularly video. Salford-based Ittybit streamlines this process with tools designed to simplify the uploading, storing, and delivery of large video, image, and audio files.
Ittybit’s media management solution has delivered impressive results for early customers. Strength:Lab slashed bandwidth costs by 80%, while a major podcast transcribed over 1,000 episodes, enhancing search and recommendations.
Early adopters have successfully managed over 100,000 images and 5,000 hours of user-generated video, showcasing Ittybit’s scalability and reliability.
“Ittybit’s proprietary Machine Learning solution is transforming the costs of hosting media for both SMEs and Enterprises globally,” said Brian Kinane, Founding Partner, Sure Valley Ventures.
“We are delighted to back a Manchester-based, cutting-edge AI company who are well-positioned to execute on their mission to democratise media hosting, at a time when the innovation of multimodal large language models is enabling content creation at an unprecedented scale.”
