90 Seconds, the world’s leading cloud video production platform, has raised US$7.5 million in Series A financing led by Sequoia.
Sequoia has invested in several of the world’s most famous companies including Apple, Google, YouTube and Airbnb.
The round is also supported by Airtree Ventures, an early and growth stage venture firm backing world-class Australian and New Zealand entrepreneurs. They are the only Australian venture firm with a globally top docile track record.
A brand or agency wanting to shoot professional video now has access to 5,000 video creative professionals in over 70 countries across 40 categories including videographers, editors, producers, animators, drone operators, photographers and many more.
According to Founder & CEO of 90 Seconds Tim Norton, “Video content is a must have in today’s world and we are proud to have developed a solution that works for brands around the globe to deliver fast, affordable content. We are excited to work with our new and existing investors who understand the opportunity 90 Seconds has to completely change the global video production landscape.”
Along with brands, 90 Seconds also works with agencies on global projects and provides seamless integration with popular video distribution platforms, storage platforms and stock libraries including YouTube, Vimeo, Dropbox and Google Drive.
eMarketer estimates the content marketing, video marketing, and social media industries to be worth $118 billion and Neilson reports that 64 per cent of marketers expect online video to dominate their strategies in the near future. Within this large market, 90 Seconds had strong growth of over 300 per cent in revenue in the past twelve months.
As well as further developing technology and customer experience, this funding round will be used to meet strong demand from the industry by expanding into new markets in Asia, the US and Europe, and strengthening their presence in existing countries.