Cloud-based collaborative video editing platform WeVideo has closed a $19.1 million investment round led by Crest Capital Ventures, according to media reports from the NAB Show underway now in Las Vegas.
WeVideo is at the conference unveiling new capabilities that target professional users. Bundled under what the company is calling “Tag & Bag,” WeVideo said it enables TV stations, cable operators, syndicators and networks to work together on local promo tagging from any browser, without the need for dedicated editing systems or external delivery providers. Users also can incorporate graphics and logos, expiration controls, and the company said a tracking feature will be added soon.
WeVideo offers full integration with YouTube and has a free version that offers 1 GB of workspace. Premium levels are available starting at $6.99 a month for 10 GB, $39.99 for 50 GB, and $79.99 for 100 GB, along with features not available in the free version. Users with more extensive needs can be accommodated, with pricing on request.
“Our new ‘Tag & Bag’ feature is where networks, syndicators and broadcast stations can save time, save money, and improve efficiencies.” said Jostein Svendsen, WeVideo co-founder and CEO. “This will be a boon for all companies who deliver short form promos or commercials where local customization is required before broadcasting.”
Related links:
WeVideo – official site
WeVideo – press release [PDF]
TechCrunch – WeVideo Raises $19.1M For Cloud-Based Collaborative Video Editing Platform
VentureBeat – WeVideo gets $19.1M to collaboratively edit videos online
Photo by Flickr user Racum, used under Creative Commons license
