Vyond, the leader in animated video content creation for the enterprise, announced it has raised $50M funding led by PeakSpan Capital, a growth-stage investment firm.
Vyond will use the proceeds from the round to continue its history of high caliber innovation velocity and dedication to delivering superior customer success at scale, for the most demanding customers across the globe.
“Growth at all costs has never been a page in our playbook”, notes Gary Lipkowitz, CEO. “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.”
Vyond has offices in San Mateo, CA, Hong Kong, and Taiwan with 125 total FTE globally. Approximately 20,000 customers across 150+ countries leverage Vyond’s platform to deliver professional quality video content for both internal and external communications across an expansive range of functional groups and use cases, the statement said.
Lipkowitz further noted: “Ease of use is a given in this space. Delivering an intuitive creation environment that produces a level of quality and professionalism that the most sophisticated companies on the planet demand is hard. We’re democratizing video creation in the enterprise, enabling any end user to develop top notch videos with high velocity, delivering content which was previously only possible with expensive solutions requiring specialized training. We’re excited to embark on this next phase of development with the PeakSpan team.”
Matt Melymuka, Co-Founder and Partner at PeakSpan Capital added, “As thematic investors, our job is to become steeped in a category we’re focused on, understand the dynamics at play and cultivate a comprehensive view of how the market will shake out and which vendors are best positioned to capitalize on the foundational drivers influencing the space. The adoption of video by businesses of all shapes and sizes is clear, but most solutions fail to deliver critical needs of enterprise organizations. Compliance mandates, security protocols, collaboration features, scalability requirements; if your platform doesn’t satisfy them, you won’t get past procurement. Vyond is the only vendor in the space that has developed the tools sophisticated organizations view as table stakes. It is rare to see a vendor who stands alone in a category with such strategic potential.”
“The team at Vyond embodies everything we look for as investors who value a dedication to resilient value creation and deliberate pursuit of sensible scaling. Vyond’s scale and profitability is unique in their market and is the result of years of focus, discipline and hard work from an incredible team that we are privileged to work with,” said Phil Dur, Co-Founder and Managing Partner at PeakSpan.
Founded as GoAnimate in 2007, Vyond has helped tens of millions of users across six continents easily and cost-effectively produce high quality videos to address any business need.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.