Eyespot gets $3.7M for video mashing service

Matt Marshall | October 25th, 2006

eyespotlogo.bmpEyespot, a start-up that lets people make video mashups, said it has raised a first round of funding of $3.7 million.

The round, led by Silicon Valley firm Gabriel Venture Partners, is the latest sign of how hot video editing tools are — now that the user-generated video revolution, a la YouTube, is underway.

We’ve mentioned EyeSpot before, when writing about a competing company called Movie Masher, which itself has just launched and is looking for a strategic buyer. Another player in this area is Jumpcut (bought by Yahoo). As explained, these companies let people overlay images on other videos — which is basically flash animation on video. You can mix video, photos and music into a single, edited video, and customize various aspects of these, changing and inverting image color, for example.

eye-spotimage.bmpHere and below you see still images of the sorts of “gooey” and “drippy” videos people are creating (go to Eyespot to see a real video highlighting this). Movie Masher also illustrates elements of this.

Other investors in Eyespot include Express Ventures and executives from MP3.com and DivX, the company said.

EyeSpot wants to provide the technology to major media companies. Since its “beta” testing launch in April, it has signed partnerships with Lions Gate, Blip.tv, Veoh Networks, Current TV and various artists, it said.
eyespotimage2.bmp

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  1. October 25th, 2006
    4:18 pm

    Techcrunch » Blog Archive » VCs Open Wallets for Eyespot, Mind Candy said:

    [...] It’s been a big day for Web 2.0 funding announcements. This morning we posted on Series A closing at $3 million for GotVoice. Now San Diego based online video editing service Eyespot has announced closure of its own first round of funding. The funding was led by Silicon Valley firm Gabriel Venture Partners to the total tune of $3.7 million. VentureBeat appears to have broken the story. [...]

  2. October 25th, 2006
    6:49 pm

    TechCrunch Japanese アーカイブ » ベンチャーキャピタルがEyespotとMind Candyに出資 said:

    [...] 今日はWeb 2.0の資金調達大当たりの1日。GotVoiceがシリーズAで$3M(300万ドル)調達したことは、今朝(米国時間10/25)伝えた。今度はSan Diegoのオンラインビデオ編集サービスEyespotが第1ラウンドの調達を終えたと発表した。今回出資したのはシリコンバレーのGabriel Venture Partnersを筆頭に合計$3.7M(370万ドル)。このニュースを最初に報じたのはVentureBeatのようだ。 [...]

  3. October 31st, 2006
    12:17 am

    VCs Open Wallets for Eyespot, Mind Candy » JenIT said:

    [...] It’s been a big day for Web 2.0 funding announcements. This morning we posted on Series A closing at $3 million for GotVoice. Now San Diego based online video editing service Eyespot has announced closure of its own first round of funding. The funding was led by Silicon Valley firm Gabriel Venture Partners to the total tune of $3.7 million. VentureBeat appears to have broken the story. [...]

3 Comments

  1. October 25th, 2006
    5:06 pm

    Emre Sokullu said:

    Good move, this market is getting hot, and any video sharing service will need video editing startups like this.

  2. October 25th, 2006
    7:16 pm

    Ben Kuo said:

    This story was actually posted on socalTECH (which tracks venture capital in Southern California) first.

  3. October 25th, 2006
    7:18 pm

    Ben Kuo said:

    Hi Matt, that comment was actually supposed to go on Techcrunch, got the wrong comment form.. Delete please ;-)

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