Jerusalem-based video-messaging startup Glide discussion Ltd. Has held a $20 million investment ring-shaped, the company assumed survive week, bringing full amount investment to $28.5 million.
The two-year-old company, which launched its app in the sphere of mid-2013, is valued by the side of $100 million postround, according to populate familiar with the carry some weight.
The messaging-app sector has been a hotbed of investment lately. Atlanta-based Yik shoot the breeze, an anonymous-messaging app, recently raised $62 million with a valuation of $300 million to $400 million, according to a give details in the sphere of The roadblock Street Journal. Waterloo, Ontario-based mobile-messaging app company Kik recently raised $38.3 million, with 185 million registered users. In the sphere of February, Facebook bought WhatsApp instead of $22 billion.
Glide says it has extra than 10 million registered users. However, according to round about of the company’s investors it just has around single million keen users. The company wouldn’t comment on its amount of keen users.
Glide allows users to chronicle a capture on tape message and throw it to single or else extra recipients in the sphere of the same way with the aim of text-messaging apps succeed. It is not a two-way, live video-chat app to be had by the likes of Microsoft ’s Skype, Apple ’s FaceTime and Google ’s Hangouts.
WhatsApp additionally enables users to throw concise capture on tape clips, and so resolve Snapchat, Qik by Skype and Facebook’s Slingshot. An alternative asynchronous video-messaging app is to be had by Israel-based Samba.Me.
Glide’s service is based on a cloud infrastructure with the aim of enables users to establish videos with no clogging the office of their policy. The company says recipients can start since a capture on tape excluding than a back up later it has been sent.
The company at present employs around 50 populate in the sphere of its Jerusalem offices.
“When all parties involved need to be present near in the sphere of the same period, oftentimes the capture on tape experience is dropped in the sphere of bolster of the extra well-situated texting, especially as soon as changed period zones are involved,” assumed the company’s chief executive, Ari Roisman.
Roisman comments with the aim of near is additionally rapid adoption of the app between the deaf kinship. He explains with the aim of instead of many of them, English is a back up language, while the formerly is American Sign Language.
In the sphere of the fall of 2013, Glide raised a $6.5 million A-round from Menlo Ventures and Joi Ito’s Digital Garage Inc., alongside round about of the company’s seed investors and contemporary exclusive investors. Marker LLC, a contemporary York-based Israeli-American venture supply, led the current ring-shaped. Other participants integrated Menlo Ventures and Two Sigma Ventures, the venture-investment arm of defend from supply Two Sigma.
Earlier this time, Glide bought Israel-based mobile-video startup Myframe Inc., additionally accepted while Flixwagon. Details of the deals weren’t disclosed.
Previous to the concluding, the company established a class-action grievance with the aim of accused it of “spam-viting,” or else distribution app invites to a user’s complete get in touch with file with no say-so.
The company is at present tailoring its service instead of smartwatches.
“Video messaging can be present a killer app instead of wearables,” assumed smudge Siegel, a running director by the side of Menlo Ventures. ”Each device creates its communiquй exemplar. Text is a cellular phone phenomenon. However you are going away to manipulation a smartwatch, it’s not going away to be present by typing.”
Tags : Glide
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