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Vyond was built from the ground up to meet the needs of enterprise organizations, delivering best-in-class ease of use and premium content quality and securing dominant market share in recent years thanks to a commitment to customer success.
FREMONT, CA: Vyond, the leader in animated video content creation for the enterprise, has secured $50M in growth capital to take advantage of the immense demand for its platform and further extend its leadership position in the market.
It's impossible to deny that video has become a dominant communication channel in the enterprise over the last decade. Many vendors have come and gone, providing low-cost, low-end solutions that allow for the production of low-quality content for one-time, project-based use cases. The need to address the most fundamental requirements of big, sophisticated blue-chip organizations, such as security, enforcement, scalability, and collaboration, has been muted as customer and small-business demand has grown.
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Vyond was built from the ground up to meet the needs of enterprise organizations, delivering best-in-class ease of use and premium content quality and securing dominant market share in recent years thanks to a commitment to customer success. Vyond's position in the market as the go-to video production solution for a growing breadth of enterprise use cases has been cemented by over 80 percent of Fortune 500 companies voting with their checkbooks.
"Growth at all costs has never been a page in our playbook", stated Gary Lipkowitz, CEO. "Vyond has delivered a consistent track record of high growth, coupled with sound fundamentals and we've been profitable since inception. Last year we generated more cash flow than we've ever raised."
Vyond employs 125 people worldwide, with offices in San Mateo, CA, Hong Kong, and Taiwan. Vyond's platform is used by over 20,000 customers in over 150 countries to provide professional-quality video content for internal and external communications across a wide variety of functional groups and use cases.
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