Vidyard
Type of site | Video hosting |
|---|---|
| Headquarters | Kitchener, Ontario, Canada |
| Industry | Internet |
| URL | Vidyard.com |
| Launched | July 2011 |
| Current status | Active |
Vidyard is a software company headquartered in Kitchener, Ontario, that creates software to host and analyze video performance. The company was founded in May 2010.
Beginnings
Originally starting as a fourth-year design project at the University of Waterloo, cofounders Michael Litt, Devon Galloway, and Edward Wu launched the company in August 2011. On November 17, 2011, Vidyard announced $1.65 million in seed funding from investors including Softech VC, YouTube Co-founder Jawed Karim, Y Combinator (company), and GMail creator Paul Buchheit.[1] Among the graduating class of Y Combinator, Vidyard was listed as second among five startups to keep an eye on,[2] as well as fifth among the top 15 startups in Canada.[3]
History
Michael Litt was going into his last year of school while he was creating short explanation videos for companies along with co-founder Devon Galloway. A majority of their clients were putting their videos online with YouTube and Vimeo, but were complaining about both products. While brainstorming ideas for his end-of-curriculum design project, Michael Litt decided to build Vidyard, to address the video hosting issues that his clients were having.[4] After graduating, he applied to Y Combinator and began raising funds to launch the company.
References
- ^ "Vidyard raises $1.65M to get enterprise videos online".
- ^ "5 startups to watch from Y-Combinator's Summer 2011 class".
- ^ "Announcing this years 15 Top Startups from across Canada". Archived from the original on July 6, 2012.
- ^ Reinhart, Anthony (June 13, 2012). "The Incurable Entrepreneur: Vidyard's Michael Litt". Communitech News.
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