Rabbit Raises $3.3 Million
Rabbit is a video company based in San Francisco that has raised $3.3 million in a seed round of funding. Investors in this round include Michael Birch (Bebo founder), CrunchFund, and Google Venture. Rabbit is aiming to transform video chat into a social communication and sharing tool. This round of funding was raised at the same time that the company was released in a private beta. Rabbit plans to use the funding to build out their platform and launch out of private beta to users around the world. Rabbit is the first and only application that lets you watch videos, listen to music, and share any kind of content while video chatting with friends.
“Rabbit’s design and user experience is unlike anything I’ve seen,” stated Google Ventures General Partner Kevin Rose. “Video chatting is always designed for utility, but Rabbit has created an online social experience that is closer to hanging out with your friends in real life. I can’t wait for the world to see it.”
Rabbit was founded by 4 people that worked in the videogame industry. They felt like there was a need in the market for a new approach to online communications, one that has synchronous real-time video chat and sharing of content with small and large groups. Rabbit combines Internet infrastructure with cutting-edge gaming, VoIP, and social frameworks.
“Rabbit is one of those things that should have existed before but couldn’t because the technology simply wasn’t where it needed to be,” stated CrunchFund MG Siegler. “In the age of always-on internet, we’re ready for a paradigm shift in online communication and interaction. And this is the team to deliver on that promise.” Rabbit is currently in private beta on Mac OS X.