SucSEED adds “Ving” to its Portfolio!!
Ving Hybrid Technologies India Pvt Ltd is building technology platforms for video conferencing, teleconferencing and web conferencing etc. and aims to provide a simplified video conferencing experience by converting any OEM camera into a meeting platform. It has raised funds from Hyderabad based SucSEED Indovation Fund.
With the pre-seed investment, Ving Hybrid gets help to fast-track the build of a scalable, secure next generation collaboration platform for the emerging Hybrid work scenarios.
Ving is set out to disrupt the market opportunity of hybrid work environments through its deep tech business expertise. Ving already has started POCs with Multinational brands like Goldman Sachs, SAP, KPMG, Target etc. and has already deployed Ving rooms for Indian brands like Coworks, Wework,
Corporate Edge, DevX and many more in the pipeline.
It is also part of Cisco LaunchPad Programme which supports tech and tech-enabled startups and nurtures co-development, co-creation, new business models and joint go-to-market.
With the Vision of “Simplifying Collaboration”, Ving Hybrid aims to democratize the Video Conference Rooms by offering a “One Stop VC Room Solution”. Ving provides a seamless and a magical user experience across any VC room using any VC camera hardware and for meetings on any platform viz. GoogleMeet, Zoom, Webex and MS Teams.
It enhances user experience with its proprietary scan QR code to
join workflow, making it extremely simple for users to join any meeting from any room using any VC camera. Ving Hybrid Technologies has its presence in Singapore and India.
It is founded by two ex-Cisco Executives, Aditya Pisupati & Amitabh Patney. Aditya Pisupati has over 19+ years of experience. He has been associated with the Collaboration business for over a decade building and deploying Enterprise solutions across the APAC and EMEAR markets. Whereas, Amitabh Patney has over 27+ years of Corporate Sales experience. At Cisco, he led the Services Sales Organisation which was a $175 mill P&L business across India & SAARC. He brings this experience to build a partner driven GTM model for Ving.
Aditya Pisupati, Co- Founder & CEO of Ving Hybrid Technologies said,“ Our aim is to provide the best in class Hybrid collaboration experience by converging multiple conferencing and VC hardware workflows into one application. We enable users to join into any meeting, in any Ving enabled VC room through our proprietary ‘Scan to Join’ feature while making it really simple for IT teams to centrally manage their infrastructure.”
Amitabh Patney, Cofounder & CBO of Ving Hybrid Technologies said,“Built out of India, we plan to take the solution global, across Enterprises, SMBs and Coworking Spaces where the demand for easy to use VC rooms is growing exponentially”.
Speaking on investing in Ving Hybrid, Vikrant Varshney, Co-Founder & Managing Partner of SucSEED Indovation Fund said, “According to Mordor Intelligence Report, The global video conferencing market was valued at $9.2 Bn in 2021 and expected to become $22.5 Bn by 2026 with 20% CAGR. There are a total 9 Mn VC rooms in 2020 and with the boom in the hybrid work model, it will lead to 30 Mn video conferencing rooms by 2026 at a CAGR of 38%. With COVID-19, the entire workforce has experienced a transition toward remote working, paving a way for video conferencing solutions and hardware products. Ving is set out to disrupt the market opportunity of hybrid work environments through its deep tech business expertise and is targeting to onboard 200,000 rooms on the platform in the next 5 years.”
About SucSEED Indovation Fund — SucSEED Indovation Fund (SIF) is an AIF Cat-1 Venture Capital Angel Fund with ₹100 crore corpus and has grown out of SucSEED Angel Network (SAN) and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyderabad Foundation. General Partners of the Indovation Fund have 100+ years of cumulative experience within technology, fund management, and start-up ecosystem and have already invested in 60+ startups. SIF attempts to support Indian Innovation for mass needs in the following Six (6) sectors — EdTech, FinTech, Health-tech, Security & RegTech, Enterprise & MSME SaAS and Digital Economy & Emerging Tech.
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