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Saturday, April 21, 2012
WeVideo Raises $19.1M For Cloud-Based Collaborative Video Editing Platform
WeVideo has just secured $19.1 million for its cloud-based collaborative video editing platform, in a round led by Crest Capital Ventures of Houston, Texas. The company says it plans to use the funding to further ramp up its B2B focused development team. Unlike desktop editing software, which is restricted by computer hardware limitations, WeVideo?s online video editing solution can scale up processing speeds on demand, based on an end user?s needs. As users move up through the company?s paid tiers, speeds increase, as does the available storage space and video resolution.
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