Viddy is startup that is known as being an “Instagram for Video.” Viddy directly competed against a company called SocialCam, which was acquired by Autodesk for $60 million in July 2012. Viddy, on the other hand, seems to have already peaked.
Viddy is a mobile video sharing start-up company that has raised $1.6 million in a first round of funding. Viddy had launched a mobile video creation and sharing application for the iPhone. This round of funding was provided by Battery Ventures, Bessemer Ventures, Qualcomm, Jarl Mohn, and early YouTube employees. Viddy said that they are creating a “Twitter-style feed of videos from friends, family, celebrities.” Viddy was founded by JJ Aguhob and Brett O’Brien. [soCalTech]
