Marquee
Consumer Services · Santa Clara, United States · Founded 2005
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Vyond is a cloud-based, AI-powered video creation platform headquartered in San Mateo, California. Founded in 2007 by Alvin Hung as GoAnimate, the company's inception was driven by Hung's desire to simplify animation for non-technical users. The original idea was to create a tool that would allow anyone to easily make animated videos without complex software or drawing skills. After its initial launch in mid-2008, the company expanded, opening a U.S. office in 2011 and launching 'GoAnimate for Schools'. A significant milestone was the rebranding from GoAnimate to Vyond on May 6, 2018, to better reflect its focus on a versatile, professional platform. In 2018, founder Alvin Hung transitioned to the role of Executive Chairman, and Gary Lipkowitz was appointed CEO.
Vyond operates on a subscription-based (SaaS) business model, generating revenue primarily from tiered pricing plans that cater to a wide range of customers, from individuals and small businesses to large enterprises. These plans offer varying levels of access to the platform's features. Additional income is generated through services like custom character creation and premium support. The company serves a diverse client base, including over 65% of the Fortune 500, with customers in sectors like marketing, human resources, eLearning, and internal communications who use the platform for training, advertising, and corporate messaging.
The platform provides a comprehensive, all-in-one solution for video creation. It features two main tools: Vyond Studio and Vyond Go. Vyond Studio is a full-featured editor with a drag-and-drop interface, an extensive library of pre-animated assets like characters and props, and multiple animation styles, including 2D animation and whiteboard videos. A key innovation is Vyond Go, an AI-powered tool that can instantly generate an editable video from a simple text prompt, script, or URL. The platform incorporates a suite of AI-driven capabilities, such as text-to-speech with a wide variety of voices, automated lip-sync, and translation into over 70 languages, enabling users to produce professional-grade video content efficiently and at scale.
Keywords: AI video creation, animated video platform, SaaS, GoAnimate, Alvin Hung, corporate communication, eLearning video, marketing video, training videos, text-to-video, AI animation, video editor, subscription model, enterprise video, Vyond Go, Vyond Studio, business animation, explainer videos, drag-and-drop video editor, cloud-based software
Company overview
Marquee company information
The essential company record, classifications and operating signals in one place.
- Status
- Closed
- Founded
- 2005
- Headquarters
- Santa Clara, United States
- Employees
- —
- Open positions
- None listed
- Dealroom signal
- 0.0
Valuation & funding
Marquee funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Dec 2006 | $15M | $60M | Greylock Partners · Benchmark | — |
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