Redpoint Ventures and CCV Invest in Buzzy’s $20 Million Financing

Gunderson Dettmer represented Redpoint Ventures and Cyber Creation Ventures as investors in the $20 million financing of Buzzy, an AI video editing platform.

Buzzy is a new AI video photoshop tool that allows users to modify any video simply by chatting. Instead of relying on complex tools or reshooting footage, creators can describe changes, such as removing background people, fixing eye contact, or adjusting lighting, and have them applied precisely at the pixel level. The new funding will support the launch and further development of the company.

“Our users, especially small businesses and creators, struggle most with fixing details in both filmed and AI-generated videos,” said Ella Zhang, founder of Buzzy, in the announcement of the transaction.“That's exactly why we built Buzzy. We're seeing more people express themselves through video rather than photos after using Buzzy. Buzzy hopes to redefine what the next generation AI video editor should look like.”

The Gunderson deal team was led by Richard Chang and included Huihui Cai, and Chen Gao.