News & Insights

Vyond Raises $50 Million To Solidify Position As Leader In Enterprise Video Creation

From the blog post of PRNewswire: SAN MATEO, Calif., April 16, 2021 /PRNewswire/ — Vyond, the leader in animated video content creation for the enterprise, has raised $50M in growth capital to take advantage of the immense demand for its platform and further extend its leadership position in the market. The rise and proliferation of video as a dominant communication…

Vyond Raises $50 Million To Solidify Position As Leader In Enterprise Video Creation

From the blog post of PRNewswire: SAN MATEO, Calif., April 16, 2021 /PRNewswire/ — Vyond, the leader in animated video content creation for the enterprise, has raised $50M in growth capital to take advantage of the immense demand for its platform and further extend its leadership position in the market. The rise and proliferation of video as a dominant communication medium in the enterprise over the last decade has been undeniable. Numerous vendors have come and gone, offering low-end, low-cost solutions enabling creation of low-quality content for one-off, project-based use cases. Increasing consumer and small-business demand has muted the need to address the most fundamental requirements of large, sophisticated blue chip organizations; security, compliance, scalability, and collaboration, to name a few. “Vyond has delivered a consistent track record of high growth, coupled with sound fundamentals and we’ve been profitable since inception. Last year we generated more cash flow than we’ve ever raised.”    Gary Lipkowitz, CEO Vyond has been deliberately…