Jerusalem-based video-messaging startup Glide discussion Ltd. Has held a $20 million investment sphere-shaped, the company understood remaining week, bringing figure up investment to $28.5 million.
The two-year-old company, which launched its app in the sphere of mid-2013, is valued by $100 million postround, according to dwell in familiar with the question.
The messaging-app sector has been a hotbed of investment lately. Atlanta-based Yik converse, an anonymous-messaging app, recently raised $62 million with a valuation of $300 million to $400 million, according to a boom in the sphere of The roadblock Street Journal. Waterloo, Ontario-based mobile-messaging app company Kik recently raised $38.3 million, with 185 million registered users. In the sphere of February, Facebook bought WhatsApp in favor of $22 billion.
Glide says it has new than 10 million registered users. However, according to more or less of the company’s investors it solitary has around lone million in force users. The company wouldn’t comment on its amount of in force users.
Glide allows users to proof a videocassette message and throw it to lone or else new recipients in the sphere of the same way with the aim of text-messaging apps exert yourself. It is not a two-way, live video-chat app unfilled by the likes of Microsoft ’s Skype, Apple ’s FaceTime and Google ’s Hangouts.
WhatsApp besides enables users to throw undersized videocassette clips, and so complete Snapchat, Qik by Skype and Facebook’s Slingshot. An extra asynchronous video-messaging app is unfilled by Israel-based Samba.Me.
Glide’s service is based on a cloud infrastructure with the aim of enables users to check videos with no clogging the amount of their policy. The company says recipients can start considering a videocassette a smaller amount than a trice past it has been sent.
The company now employs around 50 dwell in in the sphere of its Jerusalem offices.
“When all parties involved need to take place near in the sphere of the same spell, oftentimes the videocassette experience is dropped in the sphere of give preferentiality to of the new suitable texting, especially as distinct spell zones are involved,” understood the company’s chief executive, Ari Roisman.
Roisman explanation with the aim of near is besides rapid adoption of the app with the deaf cooperation. He explains with the aim of in favor of many of them, English is a trice language, while the originally is American Sign Language.
In the sphere of the fall of 2013, Glide raised a $6.5 million A-round from Menlo Ventures and Joi Ito’s Digital Garage Inc., alongside more or less of the company’s seed investors and contemporary hush-hush investors. Marker LLC, a contemporary York-based Israeli-American venture source, led the current sphere-shaped. Other participants integrated Menlo Ventures and Two Sigma Ventures, the venture-investment arm of circumvent source Two Sigma.
Earlier this time, Glide bought Israel-based mobile-video startup Myframe Inc., besides accepted such as Flixwagon. Details of the deals weren’t disclosed.
Previous to the concluding, the company established a class-action grievance with the aim of accused it of “spam-viting,” or else distribution app invites to a user’s complete write to incline with no okay.
The company is now tailoring its service in favor of smartwatches.
“Video messaging can take place a killer app in favor of wearables,” understood smudge Siegel, a administration director by Menlo Ventures. ”Each device creates its statement prototype. Text is a movable phenomenon. However you are ready to waste a smartwatch, it’s not ready to take place by typing.”
Tags : Glide
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