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A beginner recognized to offer immersive video practices of red carpets and football stadiums, won $ 12 million in Saudi Arabia and the United Arab Emirates, Africa, Asia and the United States.
The pre-financing phase led by the International Finance Corporation (IFC), as well as the success fund of the Cordion capital, Crosswork VC, and many existing investors and several high-profile Saudi families, he said.
IFC’s investment is especially noteworthy. The World Bank Group is a member of the World Bank Group, consumer technology and a rare bet for “immersive internet” giving more information to get more information to invest in developing markets to invest more.
“They were directed to developing markets and saw us as a global scale and a company aimed at expanding in those markets. Our Creator and Content Works are very excited and because of our development and growth,” founder and ceo Khalid Zaatarat He said in an interview with TechCrunch.
Wuz, previously 360vuz, not only local competition; YouTube, Tiktok, Twitch and Instagram, mass user databases and are against global giants that dominate strong creative.
However, Wuz thinks that there is a different proposal: immersive, users were in “experience in” experience “in the” experience “and in Dubai” in practice “in the” experience “in La Liga. Users can consume content via mobile applications, websites, VR headphones, as well as SMART TVs, vr headphones.
One lifting company $ 20 million in series b In 2022, he signed exclusive immersive flow transactions with the League and League of League (PFL) and works with more than 100 content creators of combined audiences.
Streaming is local but still going global
The expansion of wuz is that the global flow growth is spreading in adult markets. YouTube and Tiktok domine the first video consumption in the United States, Netflix and Disney + focused on combating and profitability.
However, the growing market growth in developing markets such as Egypt, Nigeria, Indonesia, Indonesia and Kenya, especially for videos and videos between pocket-elevated viewers, accelerates.
Zaatarah says Wuz is ready to meet this request. The platform passed to 15 million more than 10 million in 2022 and now about 3 billion screen views, over 1 billion (when the start day). Its user base covers the Middle East, the United States, Asia and Africa.
To accelerate the US, the company will not be able to transform the viewers of events such as OSCAR and music premiers without organic growth to long-term marketing. Meanwhile, in Africa and Asia, Vuz, especially to expand the broadcast, invest in local partners and telecom operators. There are more than 40 such partnerships in the world.
Vuz’s money capitalization model has since previous days, platform, platform, approximately 70% of the content received free income. Now this ratio has exceeded 60% free and 40% award-winning content, which can be reached with annual subscriptions or packages.
The company states that it has doubled in the last two years, and last year increased by 80% in total profit. While refusing to share the exact numbers, Zaatarah says the company has achieved to be profitable in 2023.
Thanks to a Ubera-like Content Model: large production groups, instead of placing worries, instead of, instead of placing releases and creators, to equip the content and download the creators. Developers often have the cost of equipment caught from future earnings.
In addition, the creators through the start “Vuz Studio” helps quickly edit and soothe creators through “Vuz Studio”. According to Zaatara, these creators save the editing hours. In addition, creators are vibrant broadcasts, especially women’s creators, especially offer creative creators to sell beauty products or fashion belongings.
To succeed, celebrate users should not only have a gimmick of immersive content and believe that the creators who make money in VUS are better than tiktok or YouTube. The early and distribution partners of the generating economy can be obtained in the Middle East and the Middle East and in the middle of Africa.
However, the competition in the United States and other developed markets is harder.
Again, Zaatarah believes in more than 5 billion targeted cuz by 2026, can build a niche to where others are not.
“YouTube and Netflix are excellent, but they do not set up for creators in Nairobi or Riyadh.” “We are building a product, network and monetization model with hyper-local-local-local-local-local infrastructure on a global scale.”
This scale is in the center of attention: The company has the offices built by Saudi Arabia, UAE, Egypt, Jordan and the United States in India and Indonesia. Vuz in Africa live in Egypt, Kenya and Nigeria and says it will start in South Africa at the end of this year.
“Vus’s Tech Edge and Global Reach, match well with our mandate to support the expandable platforms that allow creators to creators,” he said.
