Vidyard

Type of site

| Video hosting
Headquarters| Kitchener, Ontario, Canada
Industry| Internet
Website| Vidyard.com
Launched| July 2011 (2011-07)
Current status| Active

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, MN.

## Contents

* 1 Beginnings
* 2 History
* 3 References
* 4 External links

## Beginnings

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.[1] Among the graduating class of Y Combinator, Vidyard was listed as second among five startups to keep an eye on,[2] as well as fifth among the top 15 startups in Canada.[3]

## History

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.[4] After graduating, he applied to Y Combinator and began raising funds to launch the company.

## References

1. ↑ "Vidyard raises $1.65M to get enterprise videos online". http://gigaom.com/video/vidyard/.
2. ↑ "5 startups to watch from Y-Combinator's Summer 2011 class". http://gigaom.com/2011/08/23/5-startups-to-watch-y-combinator-summer-2011-class/.
3. ↑ "Announcing this years 15 Top Startups from across Canada". Archived from the original on July 6, 2012. https://web.archive.org/web/20120706003128/http://www.metabridge.ca/annual-retreat/june-2012/2012-emerging-companies/.
4. ↑ Reinhart, Anthony (June 13, 2012). "The Incurable Entrepreneur: Vidyard's Michael Litt". https://news.communitech.ca/vidyard-michael-litt/.

## External links

* Official website

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