Cloud video production platform 90 Seconds has announced it has raised US$7.5 million in Series A financing led by Sequoia India.
The round, supported by SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com (sold to Adobe for $860m) founder Oleg Tscheltzoff, will accelerate 90 Seconds’ global expansion as the market leader in cloud video production.
Tim Norton, Founder and CEO, 90 Seconds said, “Video content is a must have in today’s world and we are proud to have developed a solution that works for brands around the globe to deliver fast, affordable content. We are excited to work with our new and existing investors who understand the opportunity 90 Seconds has to completely change the global video production landscape.”
Julian Bucknaill, Barclays said, “I could see what the editors were doing and how the shoots had gone that day. So, all really good stuff in terms of real-time updates which was really important to me as a client.”
Jackie They, Head of Content Production, BBDO Singapore said, “90 Seconds has provided us with an affordable, transparent and collaborative process through our projects with them. Their strength in multiple country productions is a big plus.”
Pieter Kemps, Vice President, Sequoia Capital said, “The 90 Seconds team has done a terrific job in building the leading global marketplace for video production. In the large and rapidly growing video market, they offer creative talent and agencies a unique workflow platform to work together on global projects. This has enabled them to build a fast-growing and rapidly scaling model.”