No-Code VideoTech Platform, Revidd.com, Raises $1.1M from Inovnis SA and CIIE.CO
Summary
Our product meets the needs of individuals as well as global private and public entities alike, which is a rare combination, said Kiran Pasvadela, co-founder and CEO of revidd.comWith the ability to seamlessly integrate into your own environment, revidd makes launching your streaming channel or app easy, fast, and affordable. The process is clearly straightforward and intuitive, which includes choosing a customizable template, uploading content for your viewers to navigate, and monetizing it for steady revenue.Commenting on the investment, Olivier Meyer of Inovnis SA said: Inovnis is thrilled to join the three co-founders of Revidd.com in providing the company with $1,000,000 in seed capital and supporting the continued expansion of their vision. We believe that the video industry is undergoing a profound transformation due to the rapid expansion of the market while still operating with outdated infrastructure.We are impressed by the teams outstanding resourcefulness and ability to respond to demand, thereby leading the way for significant change and growth.Revidd went against the grain to build itself and is fundamentally different with its ability to bring video-on-demand, live streaming, video conferencing and CloudTV channels together in one place, presenting a potential option for content creators to turn video content onto different ways to manage and monetize . We are excited to support the founding team as they develop a global product to reach a $1.7 trillion market.In its second year of operation, the Vizag-based company already employs 68 people who attend to the needs of customers from ten countries on four continents.With this seed investment, the company intends to establish itself in the US to further expand the North American market, hire brilliant talent and strengthen the product and technology. The company aims to achieve 60% cost savings with its own decentralized storage and streaming network.Revidd intends to be the first technology platform of its kind, with a no-code, horizontal, multi-vertical, end-to-end solution that allows anyone to effortlessly launch their own video platform.Distributed by APO Group on behalf of Revidd.com.
Funding
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