Revidd bags $1.1mn from Innovis SA and CIIE CO to expand its no-code SaaS platform
- ByStartupStory | June 2, 2022
Visakhapatnam-based Revidd.com, a no-code video tech platform, has secured $1.1 million from Inovnis SA, a Geneva-based investment and consultancy business, and CIIE.CO, an IIM Ahmedabad-based startup incubator. The company wants to set up shop in the United States with this initial investment to further develop the North American market, employ innovative people, and enhance the product and technology. With its own decentralised storage and streaming network, the business hopes to save 60% on costs.
Revidd.com, which was founded in 2021, is a no-code software-as-a-service (SaaS) platform that allows anybody with video content to establish their own customisable video streaming product or digital TV in under five minutes.
Kiran Pasvadela, the co-founder of Revidd.com said that building internet video platforms nowadays is expensive, time demanding and necessitates strong technical knowledge for content producers to bootstrap their own video-centric enterprises. The company’s no-code approach is transforming the video technology industry. Our solution meets the demands of both individuals and worldwide private and public institutions, which is a unique mix.
Olivier Meyer, the co-founder of Inovnis SAInovnis stated that the firm is excited to join the three co-founders of Revidd.com by giving $1 million in initial money and supporting the company’s continued growth of their mission. And also feels that the video business is witnessing fundamental transformation as a result of the market’s fast development while still relying on old infrastructure. The company is pleased by the team’s exceptional innovation and capacity to meet demand, paving the door for major disruption and development.
Chintan Antani, the vice president of CIIE.CO said that the essence of Revidd is enabling producers to actually develop content-rich platforms. Revidd’s technology allows video content producers to focus on what they do best: create, while Revidd simplifies technical complexity. And the company is delighted to assist the founding team in developing a worldwide product to enter a $1.7 trillion industry.
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