Frame.io raises $50m in Series C financing
November 26, 2019
Frame.io, a video review and collaboration platform used by over one million filmmakers and media professionals, has raised a $50 million (€45.4m) Series C round to help support its next big push into cloud-enabled motion picture workflows.
Frame.io said it will also use this round of financing to continue its deep investment into airtight security, intuitive UX, and camera-to-cutting room technology.
Insight Partners led the round with contributions from all existing major stakeholders, including Accel, FirstMark, SignalFire, and Shasta Ventures. Itai Tsiddon, co-founder of Lightricks, will represent Insight Partners as Frame.io’s newest board member.
“We’re thrilled to be partnering with Insight on this next round of financing. Insight deeply understands the creative space and the changing tides the film and video market will see over the next several years,” said Emery Wells, co-founder and CEO of Frame.io. “2019 has been a year of massive growth and of major milestones for us: we celebrated reaching 100 employees, moved into brand new headquarters in lower Manhattan and, most recently, welcomed industry veteran Michael Cioni to the team. We are driving to create the most innovative approach to video workflows since the emergence of digital 20 years ago.”
This round of Series C funding brings Frame.io’s total funding to date to $82.2 million.
“Frame.io is well positioned to solve some of the industry’s greatest needs and has consistently delivered a product that its users find indispensable,” said Jeff Lieberman, Managing Director at Insight Partners. “We’re excited to lead their Series C and proud to partner with a company that we believe will help pioneer the next great change in Hollywood and beyond.”