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Vyond has raised $50.0M across 1 funding round.
Key people at Vyond.
Vyond has raised $50.0M in total across 1 funding round.
Vyond provides an AI-powered video creation platform, enabling businesses to produce engaging visual content efficiently. Its core offerings, including Vyond Go and Vyond Studio, leverage artificial intelligence for instant video generation, custom AI avatars, and text-to-video capabilities. This simplifies animation, allowing users to create professional-grade videos for diverse corporate communication needs.
The company originated as GoAnimate in 2007, founded by Alvin Hung. Hung's initial insight aimed to democratize animation, making video creation accessible beyond traditional animators. This propelled its evolution into Vyond, a comprehensive platform upholding its legacy of intuitive, efficient video production for business applications.
Companies worldwide employ Vyond for functions like training, internal communications, marketing, and sales enablement. The platform's mission is to empower organizations globally to articulate messages effectively through compelling visual storytelling. Vyond continually develops its AI capabilities, expanding possibilities for enterprise-level video content creation.
Vyond has raised $50.0M across 1 funding round. Most recently, it raised $50.0M Series U in April 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2021 | $50M Series U | — | PeakSpan Capital | Announced |
Vyond has raised $50.0M in total across 1 funding round.
Vyond's investors include PeakSpan Capital.
Vyond is a San Mateo, California-based company providing a cloud-based video creation platform that empowers users of all skill levels to produce professional, on-brand animated videos for business purposes.[1][2][3] Its flagship products, Vyond Studio and Vyond Go, enable drag-and-drop animation, AI-powered text-to-video generation, screen recording, and generative AI features to create engaging content for internal communications, training, marketing, and more, serving over 20,000 enterprise customers including 80% of the Fortune 500 across 150+ countries.[4][5] The platform solves the challenge of costly, time-intensive video production by democratizing high-quality video creation, with the company maintaining profitability since inception, consistent high growth, and strong cash flow generation.[4][8]
Vyond was founded in 2007 by Alvin Hung as GoAnimate, an animation software company, with its first platform version launching in mid-2008.[2][1][4] Hung, drawing from his background in software development, created the platform to make animation accessible beyond professional animators, initially targeting broad users including schools via features like DomoAnimate in 2009.[2] Pivotal moments included the 2012 launch of business-friendly themes and subscription plans, which boosted enterprise adoption by offering 1080p exports and watermark removal; the 2016 removal of certain voices to refine professional tools; and the 2018 rebrand to Vyond (while retaining GoAnimate, Inc. as the legal entity) to emphasize enterprise video creation.[2][6] Early traction grew to over 12 million users creating 22 million videos by the rebrand, evolving from consumer animation to a leader in business video tools.[1]
Vyond rides the explosive growth of generative AI and video content in enterprise communications, where static media falls short for engagement in training, sales, and marketing amid remote/hybrid work trends.[5][7] Its timing aligns with AI advancements post-2022, enabling rapid innovation like Vyond Go to produce stylized videos from prompts, outpacing traditional production amid market forces favoring cost-effective, scalable content tools.[5] By powering 20,000+ businesses globally, Vyond influences the ecosystem through easier video adoption, fostering AI-driven creativity in Fortune 500 workflows and setting standards for accessible enterprise media platforms.[4]
Vyond is poised to expand its AI leadership with ongoing innovations like enhanced Vyond Go and potential Android/iOS app extensions, leveraging its $50M 2021 funding for global scaling and R&D.[4][5] Trends in multimodal AI, enterprise video personalization, and rising demand for compliant, high-ROI content will propel growth, potentially toward IPO as pre-IPO valuations circulate.[9] Its profitable model and Fortune 500 dominance position it to shape video as the default business medium, amplifying the mission to democratize dynamic media for measurable results.[3][4]
Key people at Vyond.
