Video-sharing firm Clip raises funds from Matrix, others

201712.16
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Video-sharing platform Clip has raised an undisclosed amount of funding in a series A round led by Matrix Partners India. The seven-month-old start-up will use the funds to hire people and improve its technology platform.

Clip did not disclose the size of funding but a person familiar with the matter said it raised $6 million. Once a user uploads a video, Clip employs machine-learning algorithms to connect users with others sharing similar content on the platform.

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