Clipchamp

Last updated
Clipchamp
Original author(s) Clipchamp Pty Ltd.
Developer(s) Microsoft
Initial release2013;11 years ago (2013)
Operating system Web, Windows, iOS
Type Video editing software
License Freemium [1]
Website clipchamp.com OOjs UI icon edit-ltr-progressive.svg

Clipchamp is an online video editing tool developed by Australian company Clipchamp Pty Ltd. and now by Microsoft. It is a non-linear editing software that allows users to import, edit, and export audiovisual material in an Internet browser window.

Contents

Clipchamp has offices in Australia, the Philippines, Germany, and the United States. According to figures published by the company, at the beginning of 2021, it had more than 14 million users worldwide. In September 2021, the developer was acquired by Microsoft. [2]

History

Beginning

Clipchamp Pty Ltd was founded as a startup company by Alexander Dreiling (current CEO), Dave Hewitt, Tobias Raub and Soeren Balko, in Brisbane, Australia, in 2013.

In an interview given to SmartCompany, Dreiling commented that at first, the company was "trying to build an enormous, distributed supercomputer". Among the first software developed by the company's team was a tool for video compression and conversion. [3]

Software launch

2014 saw the official launch of the first version of the free, audiovisual browser-based software on the Clipchamp platform. When the supercomputer project ground to a halt, the team decided to keep going with the video programming technology, which was, in the words of Dreiling, "a tool that worked on Chromebooks".

Second version of the editor

In June 2016, Clipchamp was valued at 1.1 million dollars, according to the Wall Street Journal. [4] In the same month, the second version of Clipchamp was launched internationally. By 2018, the firm had amassed 6.5 million users, attracting investors such as Steve Baxter, who invested one million dollars. [3]

Current company figures

In 2020, Clipchamp set up a base in Seattle, USA, after achieving capital of 13.2 million dollars, from alliances made with investment funds such as Transition Level Investments, Tola Capital, and TEN13, among others. [5] In February 2021, Clipchamp published on its website that it has 14 million users worldwide, registered in 250 countries and territories. At that time, the company announced that it had an audiovisual library of 800,000 files.

Acquisition by Microsoft

On September 7, 2021, Microsoft announced the acquisition of Clipchamp. In a press release, they expressed their interest in learning more about the video content creation market. [2] [6] [7] [8] [9] [10] Johnson Winter Slattery advised Microsoft on its acquisition. [11] Clipchamp was later integrated as part of Windows 11 on March 9, 2022. [12]

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References

  1. ↑ Corden, Jez (2022-03-11). "Microsoft's Clipchamp video editing tools are underbaked, and offensively overpriced". Windows Central. Retrieved 2022-04-05.
  2. 1 2 "Microsoft acquires video creation and editing software maker Clipchamp". TechCrunch. Retrieved 2021-12-29.
  3. 1 2 "Brisbane startup Clipchamp secures $1 million from Steve Baxter — and there are 6.5 million reasons why". SmartCompany. 2019-05-15. Retrieved 2021-12-29.
  4. ↑ "Funding Snapshot: Video Utility Tool Clipchamp Raises $1.1M". Wall Street Journal. 2016-06-02. ISSN   0099-9660 . Retrieved 2021-12-29.
  5. ↑ "Aussie video editing start-up raises $13.2m in US-led funding". Australian Financial Review. 2020-02-10. Retrieved 2021-12-29.
  6. ↑ MIcrosoft Corp. (September 2021). "Microsoft acquires Clipchamp to empower creators". Microsoft.com. Archived from the original on 2021-11-06.
  7. ↑ CNBC (December 2021). "Microsoft acquires video-editing software start-up Clipchamp". CNBC.
  8. ↑ Foley, Mary Jo. "Microsoft buys video-editing vendor Clipchamp". ZDNet. Retrieved 2021-12-29.
  9. ↑ "Microsoft buys Brisbane start-up Clipchamp". Australian Financial Review. 2021-09-07. Retrieved 2021-12-29.
  10. ↑ "Microsoft acquires Australia-based video creation platform Clipchamp, a startup with Seattle backing". GeekWire. 2021-09-07. Retrieved 2021-12-29.
  11. ↑ "JWS helps Microsoft acquire Brisbane startup". www.thelawyermag.com. Retrieved 2024-01-09.
  12. ↑ Warren, Tom (2022-03-09). "Clipchamp is Microsoft's new video editing app for Windows 11". The Verge . Retrieved 2022-04-05.

See also

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