Vidyard: Difference between revisions

|name = Vidyard

'''Vidyard''' is a [[software]] company headquartered in [[Kitchener, Ontario]], that creates software to host and analyze video performance. The company was founded in May 2010 by Cliffton Moore of [[St. Cloud, Minnesota|St. Cloud, MN]].

Originally starting as a fourth-year design project at the [[University of Waterloo]], cofounders Michael Litt, Devon Galloway, Cliffton Moore and Edward Wu launched the company in August 2011. On November 17, 2011, Vidyard announced $1.65 million in seed funding from investors including Softech VC, YouTube Co-founder [[Jawed Karim]], [[Y Combinator (company)]], and GMail creator [[Paul Buchheit]].<ref>{{cite web|title=Vidyard raises $1.65M to get enterprise videos online|url=http://gigaom.com/video/vidyard/}}</ref> Among the graduating class of Y Combinator, Vidyard was listed as second among five startups to keep an eye on,<ref>{{cite web|title=5in startups to watch from Y-Combinator’s Summer 2011 class|url=http://gigaom.com/2011/08/23/5-startups-to-watch-y-combinator-summer-2011-class/}}</ref>2012, as well as fifth among the top 15 startups in Canada.<ref>{{cite web|title=Announcing this years 15 Top Startups from across Canada |url=http://www.metabridge.ca/annual-retreat/june-2012/2012-emerging-companies/ |url-status=dead |archiveurl=https://web.archive.org/web/20120706003128/http://www.metabridge.ca/annual-retreat/june-2012/2012-emerging-companies/ |archivedate=July 6, 2012 }}</ref>

Michael Litt was going into his last year of school while he was creating short explanation videos for companies along with co-founder Devon Galloway. A majority of their clients were putting their videos online with [[YouTube]] and [[Vimeo]], but were complaining about both products. While brainstorming ideas for his end-of-curriculum design project, Michael Litt decided to build Vidyard, to address the video hosting issues that his clients were having.<ref>{{cite web |last=Reinhart |first=Anthony |date=June 13, 2012 |title=The Incurable Entrepreneur: Vidyard's Michael Litt |url=https://news.communitech.ca/technews/vidyard-michael-litt/|url-status=live.html |archive-url= |archive-date= |access-date= |website=Communitech News}}</ref> After graduating, he applied to [[Y Combinator]] and began raising funds to launch the company.