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VEED.IO is an AI-powered online video creation platform that enables users to easily create professional videos. Backed by Sequoia, the company has a global team of over 170 people and is used by millions of creators and businesses worldwide. VEED.IO offers a range of tools, including a free AI video editor with features like text-to-video, avatars, and auto-subtitles, allowing users to record, edit, and share videos online.