InVideo, the fashionable video creation platform that enables customers to create top quality movies for any type of digital media, has at present introduced a $15M Collection A led by Sequoia Capital India.
The spherical additionally consists of participation from Tiger World, Hummingbird, RTP World and Base.
InVideo gives an intuitive, full-featured video creation expertise for amateurs and professionals alike. The platform combines video enhancing and compositing in a browser first resolution, growing accessibility, eradicating rendering time, shortening suggestions loops, and making the method extra inclusive.
Since launching a 12 months in the past, the platform has over 800,000 customers from greater than 150 international locations who’ve created movies in over 75 languages. InVideo is a freemium product with paid plans beginning at $10/mo. The funding will assist speed up product improvement and construct out InVideo’s collaborative, cross gadget video creation suite.
InVideo was launched in April 2019 by Sanket Shah and Harsh Vakharia who first labored collectively on a startup that created 10-minute video summaries of non-fiction books and have additionally hung out constructing an enterprise grade video creation suite for newsrooms.
They perceive how painful the video creation course of is and the way most options available in the market had been rigid and boxed the creator into readymade templates. They based the corporate in response to this downside. InVideo now counts family names akin to P&G, Dropbox, Reuters and ATT as customers.
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Sanket Shah, CEO and co-founder of InVideo stated, “Making skilled high quality movies is tough. InVideo is ready to alter that. We’ve got a single objective: to exchange the present crop of cumbersome and costly video enhancing software program with an clever, but versatile platform. InVideo cuts the time to create knowledgeable high quality video by over 90%, and permits the creator to give attention to influence and message.
“This recent capital injection will enable us to proceed our mission to construct a world-class know-how resolution, increase at scale and assist extra people and companies create distinctive movies that match their wants within the simplest way potential.”
“From the time of Surge 02, Sanket and Harsh have impressed us with their maniacal obsession with buyer expertise – and this exhibits by way of of their product decisions and constantly excessive NPS”, stated Prateek Sharma, VP, Sequoia Capital India LLP.
“We imagine the worldwide SaaS firms of tomorrow are going to be constructed from India. And with their stellar product, design and tech capabilities, InVideo is well-placed to develop into the platform of alternative for video creation in a probably USD 10 Bn market.”