Video Editing Company Narrowly Beats Veduto for “Best of Show”.
WeVideo, a web-based video editing platform, won the 6th Annual Digital Living Room venture competition, narrowly edging out Veduto, a live video broadcasting solution.
WeVideo won with 24 percent of the audience vote, vs. 20 percent for Veduto. The competition featured five investors from Intel Capital, Blumberg Capital, Sharp Labs of America, Rustic Canyon Ventures and Time Warner Investments. The judges analyzed the 5-minute pitches by each company, leaving the final decision on “Best of Show” to the audience.
The other companies pitching were latakoo, BlackRidge Technology, BAMM.tv, Freestyle Media, TIVI.tv and Agora Technologies Inc. Each of the presenting companies was seeking venture and/or strategic funding for their business.
“Connected television and online video featured prominently in this year’s Digital Living Room, so it’s fitting that two video companies were the finalists,” said Conference Chair Michael Stroud.
Based in Sunnyvale, CA, WeVideo leverages the strength of the cloud to enable a unique social editing collaboration and breaks down the traditional video creation barriers of cost, editing complexity and heavy computing resource needs.
In September, WeVideo was one of five companies selected as a DEMOgod at the DEMO conference in Santa Clara. Founded in 2011, WeVideo is based on technology developed by its Norway-based parent company, Inspera, which develops video learning for K-12 students in Europe.
The venture competition was part of the two-day Digital Living Room summit, Dec. 7-8 in San Jose, which concerns the trends transforming the living room into the home’s digital hub: new distribution technologies for Hollywood content, including connected TV and the Internet; the role of the Cloud in the living room; and new models for music and games.
This year’s show featured a number of Hollywood studios, networks and executives, including representatives from Fox, Sony Pictures, DreamWorks, Turner Broadcasting, DirecTV, NBC, CBS and many others. Tech companies included Sony Electronics, DirecTV, Verizon, Sharp, Intel, Cisco, LG Electronics, Samsung and BitTorrent.
In addition, top analysts from Ipsos, SNL Kagan, DisplaySearch and Nielsen made presentations on trends in the Digital Living Room.
The summit is designed to give attendees and press a jump start on the Consumer Electronics Show, which takes place in Las Vegas roughly a month later.
Sponsors for Digital Living Room included PaymentOne, WideOrbit. Media sponsors included The San Jose Mercury News and TheWrap. Association partners included SMPTE, the Entertainment Merchants Alliance, Multimedia over Coax Alliance and the MPEG Industry Forum.
For more information, visit: www.wevideo.com