Veed co-founders turn to Speech AI to democratize AI video editing

Co-founders Sabba Keynejad and Tim Mamedov created Veed, a next-generation video editing platform focused on browser-based editing, AI tools for efficiency and creativity, and online collaboration. By leveraging AssemblyAI's language-based model, Veed generates text transcripts of videos, allowing users to edit by simply modifying the text. The platform includes powerful AI-based tools like Magic Cut, which uses the Universal-2 Speech-to-Text model for precise video editing based on transcriptions. Veed has recently surpassed $40 million in ARR.