Newsreels (Accelerator)

Company Description: We are the company behind the future of news – Newsreels.TikTok and IG Reels reshaped the way people consumed digital media in the past year (96% of the digital population increased their online video consumption in 2020 alone), and projections point to its popularity only getting wider in the next years.We took the same revolutionary format and placed it in Newsreels. By making news content scrollable in video format, users can absorb more news in no time at all.Furthermore, we developed a powerful summarization engine which condenses full articles into just a one-minute read.This effectively saves the users’ time through transforming content into digestible pieces.Other USPs:- Neural Text-To-Speech engine developed in-house- Community Feed where users can generate content using our reels and bullets AI- Available in 86 content languages, in over 150 territories- Top news channels in every territory- Customizable topics, channels, and location preferencesDuring our early access release (available on Android and iOS), we were able to observe some interesting data.Traction & numbers:- Early access downloads: 355k- Monthly active users: Average 60k- Top locations: USA (168,111); Vietnam (28,124); India (10,128); KSA (5,427); UAE (4,351); and other territories