Cutback (CEO Kim Dam-hyung), a video editing AI assistant, announced on the 29th that it has secured 3.5 billion won in seed funding. This round was jointly led by Kakao Ventures and Base Ventures, with participation from Smilegate Investment.
Cutback is an AI-powered video editing agent for professional video editors. Upload your raw footage, specify your editing direction, and it automatically completes a draft edit. It automatically performs essential video editing tasks, such as removing repeated sections, creating subtitles, and translating them. It also integrates with existing editing tools like Adobe Premiere Pro. This allows professionals to improve editing efficiency while maintaining their existing workflow.
Since its launch in April 2024, Cutback has rapidly grown, securing paying customers both domestically and internationally. It has achieved over KRW 1 billion in annual recurring revenue (ARR) without external investment, and is used by YouTubers, broadcasters, and global content studios with millions of subscribers. Its strength lies in its AI technology, which reduces video editing time by up to 90%.
With this investment, Cutback plans to enhance its AI model, expand its recruitment of AI and video experts, and accelerate its entry into the global video editing market. Through its AI video editing service, the company aims to revolutionize the video post-production industry and create a sustainable work environment for editors.
Cutback is led by CEO Kim Dam-hyung, a former Toss Product Lead, and is comprised of a team of professionals from domestic and international IT and global tech companies, as well as AI engineers with over 10 years of experience. Driven by a user-centric product philosophy and robust technological prowess, the company is experiencing rapid growth.
Base Ventures Director Yang Hyeong-jun said, “Cutback has been dedicated to product development since before its inception, demonstrating outstanding product capabilities and a dedication to its users,” adding, “We decided on this investment after seeing the team’s growth potential.”
Kakao Ventures Director Jang Dong-wook stated, “Cutback is a team with differentiated product capabilities that will satisfy video editing experts, and is a rare case of competing with products in the AI field,” adding, “We will actively support them so that they can grow into the world’s number one video editing service.”
Kim Dam-hyung, CEO of Cutback, said, “In the era of video content, video editing methods are not much different from 30 years ago,” and added, “We will contribute to lowering the barriers to editing so that anyone can easily and quickly create video content.”
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