In 2014 my co-founder John Traver and I got down to remodel the best way video groups work. On the time, video was nonetheless predominantly transferred through FTP, and tape-based codecs had been nonetheless in full swing. A cloud native post-production course of was one thing we might solely dream about. “How do you add large video recordsdata,” “Who’s going to belief you with their content material,” and “Is that this safe?” had been the commonest questions individuals requested us.
Since these early days, Body.io has scaled from simply my co-founder and me to a thriving workforce of 110 good engineers, designers, product thinkers, enterprise leaders, entrepreneurs, gross sales individuals, and every thing in between.
In the present day, I’m tremendous excited to announce a $50M Sequence C financing spherical led by Perception Companions, one of many preeminent growth-stage buyers in New York Metropolis, bringing our complete funding to $82.2M. Wow. I sat down with Sarah Perez from TechCrunch to discuss the details of the spherical extra completely. We’re additionally thrilled to welcome Itai Tsiddon to our board of administrators.
5 years in the past, I used to be the proprietor of a post-production firm. Identical to you, I used to be dwelling within the edit suite for 8+ hours a day. Because the proprietor of a boutique studio, my fingers had been on the keys every day. Whether or not it was within the grading suite, changing a display in Nuke, calibrating a monitor, syncing dailies, or doing a end in Smoke, our founding workforce (myself included) had been day by day operators and creators. That is necessary. Body.io was born out of the true filmmaking and post-production DNA that lets us keep authentically related to the wants of the business. We aren’t simply creating issues we predict filmmakers want. We’re innovating to unravel the huge workflow challenges that we lived day by day.
John and I began constructing Body.io as a result of we had been sick of being offered software program that was overpriced and underwhelming. We got down to create a product that delivered the world’s greatest design, lightning-fast search, social media-quality commenting and communication, and hardcore skilled video capabilities multi functional. The previous 5 years of progress has solely been our journey to basecamp. We’ve assembled a group of craftspeople from numerous backgrounds, and now it’s time to kick issues into excessive gear. Whereas I can’t disclose a full roadmap, right here’s how we plan to deploy our money in 2020 and past:
- Doubling our product, design, and engineering workforce from 40 to 80: That is the workforce that truly designs and builds the Body.io product. Our complete workforce will develop from 110 to 240 in 2020.
- Opening an LA workplace and showroom: Body.io is headquartered in NYC, however Hollywood is the middle of the media universe. Subsequent yr, we’ll open an unimaginable area to not solely home our LA-based staff, but additionally to host group occasions frequently.
- Delivering on Digicam to Cloud: In September we announced the addition of Michael Cioni, who joined Body.io as our World SVP of Innovation to supervise our Digicam to Cloud effort. With this spherical of financing, we’re prepared to start out making some severe strikes towards growing this {hardware}/software program expertise.
- Safety: It’s paramount to every thing we do. We all know that our options are solely pretty much as good as our capability to maintain your content material protected. In February of 2018 we announced our plans to construct a world-class safety program from the bottom up. We’ve made unimaginable progress together with TPN compliance, Soc 2 Type 2 compliance, a printed and peer-reviewed security research paper, and a CSO security award. Nevertheless it’s not sufficient. We’re doubling down on these efforts to make Body.io probably the most trusted video platform in the marketplace.
- Model new merchandise: They’re cooking and dinner can be served in 2020.
There’s by no means been a extra thrilling time to be a filmmaker. Video was as soon as tightly confined to cinema and leisure. Whereas leisure continues to be one of the partaking and emotional use instances for video, it’s now damaged out of its early roots and has turn out to be a very powerful and pervasive communication technique on the planet. Each enterprise throughout each business is turning into a video storyteller, as a result of everybody needs to obtain data via video. Entry to instruments has by no means been larger. The market is flooded with prime quality and cheap tools, which permits anybody to turn out to be a video storyteller. And there’s no scarcity of latest distribution choices. You possibly can attain billions on YouTube free of charge or spin up your very personal Apple TV channel and tackle the likes of Disney +. This subsequent decade will usher in solely new paradigms and open up large alternatives for anybody who’s prepared and keen to make the most of these new workflows.
On behalf of John and myself, thanks for supporting and believing in our imaginative and prescient. We take your vote of confidence with an amazing sense of accountability. We will’t wait to indicate you what we’re engaged on subsequent.
