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Vidyard

From Wikipedia, the free encyclopedia

Vidyard
Type of site
Video hosting
HeadquartersKitchener, Ontario, Canada
IndustryInternet
URLVidyard.com
LaunchedJuly 2011 (2011-07)
Current statusActive

Vidyard is a software company headquartered in Kitchener, Ontario, that creates software to host and analyze video performance. The company was founded in May 2010 by Cliffton Moore of St. Cloud, MN.

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Transcription

Beginnings

Originally starting as a fourth-year design project at the University of Waterloo, cofounders Michael Litt, Devon Galloway, Cliffton Moore and Edward Wu launched the company in August 2011. On November 17, 2011, Vidyard announced $1.65 million in seed funding from investors including Softech VC, YouTube Co-founder Jawed Karim, Y Combinator (company), and GMail creator Paul Buchheit.[1] Among the graduating class of Y Combinator, Vidyard was listed as second among five startups to keep an eye on,[2] as well as fifth among the top 15 startups in Canada.[3]

History

Michael Litt was going into his last year of school while he was creating short explanation videos for companies along with co-founder Devon Galloway. A majority of their clients were putting their videos online with YouTube and Vimeo, but were complaining about both products. While brainstorming ideas for his end-of-curriculum design project, Michael Litt decided to build Vidyard, to address the video hosting issues that his clients were having.[4] After graduating, he applied to Y Combinator and began raising funds to launch the company.

References

  1. ^ "Vidyard raises $1.65M to get enterprise videos online".
  2. ^ "5 startups to watch from Y-Combinator's Summer 2011 class".
  3. ^ "Announcing this years 15 Top Startups from across Canada". Archived from the original on July 6, 2012.
  4. ^ Reinhart, Anthony (June 13, 2012). "The Incurable Entrepreneur: Vidyard's Michael Litt". Communitech News.

External links

This page was last edited on 25 January 2024, at 05:39
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