Frame.io – the video review and collaboration service – has raised $20 million in “Series B” growth-funding led by FirstMark Capital. The latest round of funding was also supported by return backers Accel Partners, SignalFire and Shasta Ventures. This latest infusion of capital brings Frame.io’s total funding to date to $32 million, which the startup will use to develop in key areas including the core video review and collaboration product, cloud and content security, and the Frame.io developer ecosystem. Founded in 2014, Frame.io is also backed by Hollywood heavyweights Jared Leto and Kevin Spacey.
With the Series B funding, Frame.io will be making a big investment in the core product, with a significant focus on cloud and content security. The service is used by some of the world’s largest media corporations so security is top of mind for leaders in the industry; as such, security has become a core pillar of the Frame.io product offering, and will continue to expand with features such as watermarking and a host of new security/compliance certifications including MPAA. This investment in security will also extend to the inclusion of artificial intelligence and machine learning into the core and enterprise product roadmap.
2017 has been a year of milestones for the New York City-based Frame.io, with the release of Frame.io 2 followed by the official launch of Frame.io Enterprise – the company’s enterprise-grade product designed to help the largest media clients, including Turner Broadcasting Systems and Buzzfeed.
With over 370,000 users in over 170 countries, Frame.io will be using this investment to double-down on strategic product innovation, offering content creators a platform that connects the many different creative tools, publishing tools, stock services, asset management and storage systems, and many other specialty products involved in the business of creating video.
Here are the key components that the funding will serve.
- Cloud and content security: Frame.io will continue to make investments in security with new features such as watermarking and a host of new security/compliance certifications including MPAA and Digital Rights Management.
- The core product: Expect to see major advancements to the core Frame.io product – they’ll be doubling the size of the product and engineering team (and they’re hiring big time).
- The developer platform: Workflows are dependent on an ever-growing host of apps. Frame.io will be investing significantly in creating a robust platform that connects the many, many tools needed in the content creation process (publishing tools, stock footage services, MAM, storage, etc.).
- Starter $15 month. 3 projects, 10GB storage, 10 collaborators
- Professional $25 month. Unlimited projects, 50GB storage, 25 collaborators
- Team $50 month. Unlimited projects, 100GB storage, 50 collaborators and 5 team members
- Business $150 month. Unlimited projects, 400GB storage, unlimited collaborators and 15 team members
- Enterprise. Multi-team management, unlimited projects, custom user storage, single sign-on support
Frame.io is going to take a big leap forward in the services they provide with the $20 million infusion. It looks like a great way to collaborate on projects. With the added funding the product looks to be on it’s way to improving with even more features. As they mentioned security is a big problem with all the hacking going on. Building a safer environment is a good decision.
Do you use Frame.io? how has it made sharing and collaborating your projects with clients easier. Let’s talk in the comments section below.