Animoto is a new web application that automatically generates professionally produced videos got $4.4 million in VCs funding

What Company Is Offering:

Animoto is a new web application that automatically generates professionally produced videos using their own patent-pending technology and high-end motion design. Each video is a fully customized orchestration of user-selected images and music. Produced on a widescreen format, Animoto videos have the visual energy of a music video and the emotional impact of a movie trailer.

Recent VCs Funding:

It has got $4.4 million in VCs funding, which is led by Madrona Venture Group. Other investors include Jeff Clavier's SoftTech VC and Bruce Livingstone, the founder of iStockphoto, as well as Amazon.com, which originally invested in Animoto in May 2008.

How This Company Is Progressing:

Animoto website has 750,000 registered users, and approximately 10% of those users have paid for premium services. Animoto's Facebook application has 2 million users and Animoto's iPhone application has 300,000 users.


More at:http://animoto.com/