Frame.io, an emerging video review and collaboration platform targeting content creators, has raised $20 million in series B growth funding.
Led by FirstMark Capital, the latest round of funding was also supported by existing investors Accel Partners, SignalFire and Shasta Ventures. By completing this round of funding, Frame.io’s total funding is now $32 million.
The startup will use the funding to further develop in key areas including the core video review and collaboration product, cloud and content security, and the Frame.io developer ecosystem.
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Frame.io has continued to make an impact and is also backed by Hollywood stars Jared Leto and Kevin Spacey.
“The round is an exciting milestone for our team, and more importantly our community, and will help us in elevating our mission from reimagining video collaboration to reimagining post production itself,” said Emery Wells, co-founder and CEO of Frame.io, in a release.
What’s compelling about Frame.io is its approach. Leveraging what it says is an intuitive interface where users can upload and organize projects, Frame.io is focused on making the process of sharing and collaborating on video projects simple. Users can upload and organize projects, then share internally or with clients to review and add feedback.
Since being founded in 2014, Frame.io has continued to gain momentum by attracting various big-name customers, including TechCrunch, BBC, Vice, The Onion, Facebook and others. Additionally, Frame.io has helped other organizations transition to video, as more and more companies implement video into their branding strategies.
Frame.io will be making a sizable investment in iterating the core product, with a significant focus on cloud and content security. Security has become a key focus of Frame.io’s product offering. The company plans to continue to expand the product with features such as watermarking and a host of new security/compliance certifications including MPAA. Additionally, the investment in security will also extend to the inclusion of artificial intelligence and machine learning into the core and enterprise product road map.
In 2017 alone, Frame.io has continued to make an impact. Frame.io’s release of Frame.io 2 followed by the launch of Frame.io Enterprise—the company’s enterprise-grade product designed to help the largest media clients, including Turner Broadcasting System and Buzzfeed—collaborate at scale.
Today, Frame.io has over 370,000 users in over 170 countries. The company will be using this investment to enhance strategic product innovation, offering content creators a platform that connects the many different creative tools, publishing tools, stock services, asset management and storage systems, and many other specialty products involved in the business of creating video.