Wistia

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Wistia Inc.
Private
IndustrySoftware, SaaS
FoundedJune 6, 2006; 14 years ago (2006-06-06)[1][2]
FoundersChris Savage, Brendan Schwartz
Headquarters,
United States
Area served
Worldwide
ProductsWistia, Soapbox
Servicesvideo hosting, video recording
Number of employees
112 (2020)[3]
Websitewistia.com

Wistia Inc. is a video-software company located in Cambridge, Massachusetts.[4] Wistia provides video-hosting services for businesses, with analytics and marketing functionality.[5] As of 2017, a claimed 300,000 companies use Wistia.[6][7] As of 2018, Wistia had 87 employees.[8]

History[edit]

Wistia was founded in 2006 by Brendan Schwartz and Chris Savage.[6] The two founders met at Brown University, where Chris was a film student and Brendan was a computer engineering major.[9] Wistia's first client was a medical devices company.[9][10]

Funding[edit]

In 2018, Wistia raised $17 million[11][12] worth of debt financing from Accel-KKR, a technology-focused private-equity firm.[6]

Wistia also raised $200,000 in debt in 2009.[13] Previously, the company raised $1.4 million in two rounds from angel investors, in 2008 and 2010.[6] Angel investors include Renesys CEO Ashton Peery.[14]

In 2018, Wistia reported annual revenue of $32M.[11]

Awards and recognition[edit]

In 2018, G2 Crowd named Wistia one of the 25 best companies in Boston.[15] In 2017, it was named one of the top company cultures in America by Entrepreneur magazine.[16]

References[edit]

  1. ^ https://wistia.com/about
  2. ^ https://www.crunchbase.com/organization/wistia#section-overview
  3. ^ "Wistia Company Profile". Craft. Retrieved March 4, 2020.
  4. ^ Ditch the Venture Model, Say Founders Who Buy Out Early Investors to Make a Clear Break. The Wall Street Journal. Accessed 2018-10-02.
  5. ^ "Company Overview of Wistia, Inc". Bloomberg. Bloomberg LP. Retrieved 2018-10-03.
  6. ^ a b c d "Wistia". Crunchbase. Retrieved 17 October 2018.
  7. ^ Engel, Jeff (2017-06-12). "As Businesses Get More Social, Wistia Moves Into Video Editing". Xconomy. web. Retrieved 2018-10-03.
  8. ^ "Wistia Yearbook". Wistia. Wistia, Inc. 2018. Retrieved October 3, 2018.
  9. ^ a b Sal Daher (9 May 2018). "Wistia's Remarkable Culture". Angel Invest Boston (Podcast). Angel Invest Boston. Retrieved 3 October 2018.
  10. ^ Cruz, Victor. "Online Video Sharing and Collaboration Speeds Up Medical Device Development". ECN Magazine. Retrieved 17 October 2018.
  11. ^ a b Geron, Tomio (2018-07-17). "Ditch the Venture Model, Say Founders Who Buy Out Early Investors to Make a Clear Break". The Wall Street Journal. Retrieved 2018-10-03.
  12. ^ O'Brien, Kelly J. (2018-07-18). "Video startup Wistia to buy out investors with $17M in debt". Boston Business Journal. Retrieved 2018-10-03.
  13. ^ Notice of Exempt Offering of Securities, item 06 Acc-no:0001473673-10-000001 (Report). United States Securities and Exchange Commission. 2010-03-24.
  14. ^ "Ashton Peery". CB Insights. Retrieved 17 October 2018.
  15. ^ Martin, Dylan (2018-01-17). "Here Are the Best Boston Software Companies, According to G2". BostInno. Retrieved 2018-10-03.
  16. ^ Staff, Entrepreneur (2017-02-17). "Medium-Sized Companies: The Best Company Cultures in 2017". Entrepreneur. web. Retrieved 2018-10-03.