Viddy Gets $1.6M For Mobile Video Sharing Software

Venice, California-based Viddy, a new startup developing mobile video tools, said today that it has raised $1.6M in a first round of financing, and launched a mobile video creation and sharing tool for the iPhone. the funding round came from Battery Ventures, Bessemer Ventures, Qualcomm, and angel investors including Jarl Mohn and early team members from YouTube. Viddy said it has launched an app which runs on iPhone, iPad, and iPod Touch which allows consumers to capture videos, stylize and edit those clips, and share them on a Twitter-style timeline across social networks. The firm said it is creating a "Twitter-style feed of videos from friends, family, celebrities". The firm was founded by JJ Aguhob and Brett O'Brien. More information »