Vydia Raises $7 Million “Series A” Round and Plans to Bring More Jobs to New Jersey
Summary
“We are committed to building the tools our creators around the world rely on to power and protect their content, and with this investment, we will have new resources to expand and improve our proprietary technology both for individual creators and content focused brands.” “Vydia is currently working with top publishers like YouTube, Vevo, Facebook and Instagram, but now will have the bandwidth to invest in specific business development initiatives to deepen these relationships,” a spokesperson told NJTechWeekly.com in an email. Vydia plans to institutionalize and ramp up sales; expand product and feature sets; and further integrate into additional video, audio and social platforms, the company said. Responding via email, a spokesperson said, “Vocap was looking for fast-growing tech or media companies in the NJ/NY region that provide a universal solution to solve problems in a particular industry vertical. “In addition, Vydia’s location at central jersey’s historically notable building for innovation, Bell Works, provides an edge to attract technology job candidates locally and within the NJ region, making it more cost-efficient to scale the company than its Silicon Valley and NYC peers.” LaManna added, “I liked that LP Patrick Welsh and Managing Partner Mike Becker are N.J. natives. “At our core, we remain a video-focused tech company but we will always continue to evolve and expand with our users to support the various types of media they are publishing and protecting online,” LaManna added.
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