Video production and editing platform InVideo has raised $15 million in its Series A investment spherical led through Sequoia Capital India. The spherical additionally consists of participation from Tiger Global, Hummingbird, RTP Global and Base.
InVideo become part of the second cohort of Sequoia’s accelerator program introduced in October remaining year. The San Francisco- and Mumbai-primarily based totally startup had additionally picked up $2.five million from Surge and angel buyers such as Anand Chandrasekaran and Gokul Rajaram.
This clean capital could be used to construct generation solutions, increase at scale and assist greater people and businesses, stated the corporation in a press release.
InVideo become released in April 2019 through Sanket Shah and Harsh Vakharia which gives video modifying and compositing in a browser first solution, growing accessibility, putting off rendering time, shortening remarks loops, and making the technique easier.
InVideo function additionally consists of drag-and-drop capability and video library and formatting for Facebook, YouTube, Instagram, Twitter and WhatsApp.
“… We have a unmarried goal: to update the modern-day crop of bulky and costly video modifying software program with an intelligent, but bendy platform. InVideo cuts the time to create a expert nice video through over 90%, and lets in the author to consciousness on effect and message,” stated Shah, CEO and co-founding father of InVideo.
Since its inception, InVideo claims to have over 800,000 customers from greater than one hundred fifty nations who’ve created movies in over seventy five languages. InVideo is a freemium product with paid plans beginning from $10 a month to up to $30 for top class features. It counts P&G, Dropbox, Reuters and ATT as customers.
Besides the aforementioned buyers, it additionally counts Haresh Chawla, Kunal Bahl, Ashish Hemrajani and Miten Sampat as its early backers. Globally, Filmora, Adobe Premiere Pro, Animoto, iMovie are a number of the options for InVideo.
