Vidyard

Type of site

| Video hosting
Headquarters| Kitchener, Ontario, Canada
Industry| Internet
URL| 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.

## Beginnings

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Originally starting as a fourth-year design project at the University of Waterloo, cofounders Michael Litt, Devon Galloway, Cliffton Moore and Edward Wu launched Vidyard in August 2011. On November 17, 2011, the company announced $1.65 million in seed funding from investors including Softech VC (now Uncork Capital), YouTube Co-founder Jawed Karim, Y Combinator (company), and Gmail creator Paul Buchheit. Among the graduating class of Y Combinator, Vidyard was listed as second among five startups to keep an eye on in 2012, as well as fifth among the top 15 startups in Canada.[1]

## History

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

## References

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1. ^ "Announcing this years 15 Top Startups from across Canada". Archived from the original on July 6, 2012.
2. ^ Reinhart, Anthony (June 13, 2012). "The Incurable Entrepreneur: Vidyard's Michael Litt". Communitech News.

## External links

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* Official website