By Adedapo Adesanya
An Indian no-code video know-how platform, Revidd, has raised $1.1 million from Inovnis SA and CIIE.CO to revolutionise video content material creation.
The corporate is a no-code Software program as a Service SaaS platform which allows anybody with video content material to launch their very own customizable video streaming product or digital TV in lower than 5 minutes.
With this seed funding, the agency intends to arrange store within the USA to additional develop the North American market, rent ingenious expertise and strengthen the product and know-how.
The organisation additionally goals to deliver 60 per cent price financial savings with its personal decentralised storage and streaming community.
Revidd was based in 2021 by Kiran Pasavedala, Sampath Mallidi and Naresh Uppada and with the recent injection of funds, it intends to turn out to be the primary know-how platform of its form, with a no-code finish to finish horizontal resolution in a number of verticals the place anybody can launch their very own video platform effortlessly.
Talking on the event, Mr Pasvadela, co-founder and CEO of Revidd mentioned, “At present, constructing on-line video platforms is pricey, time-consuming and requires deep tech expertise for content material creators to bootstrap their very own video-centric merchandise. Our no-code resolution revolutionises the video tech enterprise.
“Our product equally caters for the wants of a person in addition to the worldwide non-public and public entities, which is a uncommon mixture.”
With the capability to seamlessly combine inside an atmosphere, Revidd makes launching a streaming channel or app straightforward, quick and inexpensive. The method is unambiguously clear and intuitive, which includes selecting a customizable template, importing content material to your viewers to navigate and monetization for regular income.
Commenting on the funding, Mr Olivier Meyer from Inovnis SA mentioned “Inovnis is thrilled to hitch the three co-founders of Revidd.com by offering the corporate $1,000,000 in seed capital and supporting the additional enlargement of their imaginative and prescient. We imagine that the video business is present process a profound change as a result of speedy enlargement of the market whereas nonetheless working on legacy infrastructure.
“We’re impressed with the workforce’s excellent ingenuity and capability to reply the demand, thus main the best way for important disruption and progress.”
Revidd went towards the grain to construct itself and is essentially differentiated by its skill to deliver video on demand, stay streaming, video conferencing and CloudTV channels in a single place, offering a possible possibility for content material creators to handle and monetize video content material in a number of doable methods.
The perfect performance delivers the creators/clients with proactive insights and warrants them to their desired platform.
“Enabling creators to really construct content-rich platforms is the center of Revidd. Their know-how empowers video content material creators to concentrate on what they do finest – create whereas know-how complexity is simplified by Revidd. We’re joyful to help the founding workforce to construct a world product to faucet right into a $1.7T market,” says, Mr Chintan Antani, Vice President, Seed Investments at CIIE.CO.
Within the second 12 months of exercise, the Vizag-based firm already employs 68 workers attending to the wants of consumers from 10 nations throughout 4 continents.