Adedapo Adesanya
By Adedapo Adesanya
An Indian no-code video technology platform, Revidd, has raised $1.1 million from Inovnis SA and CIIE.CO to revolutionise video content creation.
The company is a no-code Software as a Service SaaS platform which enables anyone with video content to launch their own customizable video streaming product or digital TV in less than five minutes.
With this seed investment, the firm intends to set up shop in the USA to further expand the North American market, hire ingenious talent and strengthen the product and technology.
The organisation also aims to bring 60 per cent cost savings with its own decentralised storage and streaming network.
Revidd was founded in 2021 by Kiran Pasavedala, Sampath Mallidi and Naresh Uppada and with the fresh injection of funds, it intends to become the first technology platform of its kind, with a no-code end to end horizontal solution in multiple verticals where anyone can launch their own video platform effortlessly.
Speaking on the development, Mr Pasvadela, co-founder and CEO of Revidd said, “Today, building online video platforms is expensive, time-consuming and requires deep tech skills for content creators to bootstrap their own video-centric products. Our no-code solution revolutionises the video tech business.
“Our product equally caters for the needs of an individual as well as the global private and public entities, which is a rare combination.”
With the capacity to seamlessly integrate within an environment, Revidd makes launching a streaming channel or app easy, fast and affordable. The process is unambiguously clear and intuitive, which involves choosing a customizable template, uploading content for your viewers to navigate and monetization for steady revenue.
Commenting on the investment, Mr Olivier Meyer from Inovnis SA said “Inovnis is thrilled to join the three co-founders of Revidd.com by providing the company $1,000,000 in seed capital and supporting the further expansion of their vision. We believe that the video industry is undergoing a profound change due to the rapid expansion of the market while still operating on legacy infrastructure.
“We are impressed with the team’s outstanding ingenuity and capacity to answer the demand, thus leading the way for significant disruption and growth.”
Revidd went against the grain to build itself and is fundamentally differentiated by its ability to bring video on demand, live streaming, video conferencing and CloudTV channels in one place, providing a potential option for content creators to manage and monetize video content in several possible ways.
The ideal functionality delivers the creators/customers with proactive insights and warrants them to their desired platform.
“Enabling creators to truly build content-rich platforms is the heart of Revidd. Their technology empowers video content creators to focus on what they do best – create while technology complexity is simplified by Revidd. We are happy to support the founding team to build a global product to tap into a $1.7T market,” says, Mr Chintan Antani, Vice President, Seed Investments at CIIE.CO.
In the second year of activity, the Vizag-based company already employs 68 employees attending to the needs of customers from 10 countries across four continents.
