By Adedapo Adesanya
An Indian no-code video technology platform, Revidd, has raised $1.1 million from Inovnis SA and CIIE.CO to revolutionize video content creation.
The company is a no-code software-as-a-service SaaS platform that enables anyone with video content to launch their own customizable video streaming product or digital television in less than five minutes.
With this seed investment, the company intends to move to the United States to further expand the North American market, hire resourceful talent, and strengthen product and technology.
The organization also aims to achieve 60% cost savings with its own decentralized storage and streaming network.
Revidd was founded in 2021 by Kiran Pasavedala, Sampath Mallidi and Naresh Uppada and with the new infusion of funds, it intends to become the first technology platform of its kind, with an end-to-end horizontal solution without code across multiple verticals where anyone can launch their own video platform effortlessly.
Speaking on the development, Mr. Pasvadela, co-founder and CEO of Revidd, said, “Building online video platforms today is expensive, time-consuming and requires deep technical skills for content creators are starting their own video-centric products. Our no-code solution is revolutionizing the video technology industry.
“Our product also meets the needs of an individual as well as global private and public entities, which is a rare combination.”
With the ability to integrate seamlessly into an environment, Revidd makes launching a streaming channel or app simple, fast, and affordable. The process is clear and intuitive with no ambiguity, which involves choosing a customizable template, uploading content for your viewers to browse, and monetizing stable revenue.
Commenting on the investment, Mr. Olivier Meyer of Inovnis SA said: “Inovnis is delighted to join the three co-founders of Revidd.com in providing the company with $1,000,000 in seed capital and supporting the expansion of their vision. We believe the video industry is undergoing profound change due to rapid market expansion while continuing to operate on legacy infrastructure.
“We are impressed with the team’s exceptional ingenuity and ability to meet demand, paving the way for significant disruption and growth.”
Revidd has gone against the grain to build itself and fundamentally differentiates itself through its ability to bring together video on demand, live streaming, video conferencing and CloudTV channels in one place, giving content creators a potential option to manage and monetize video content in several possible ways. .
The ideal feature provides creators/customers with proactive information and guarantees it on the desired platform.
“Enabling creators to truly create content-rich platforms is at the core of Revidd. Their technology allows video content creators to focus on what they do best – creating while the complexity of technology is simplified. by Revidd. We are pleased to help the founding team create a global product to tap into a $1.7 billion market,” said Mr. Chintan Antani, Vice President, Seed Investments at CIIE.CO.
In the second year of operation, the Vizag-based company already employs 68 employees who serve the needs of customers from 10 countries on four continents.