Dynamite Labs, a NYC-based platform for people to share their stories on mobile video, closed $1.6m in seed funding.
The round was led by Observatory Capital with participation from Gordon Bell (former head of R&D at Digital Equipment Corp and Researcher Emeritus, Microsoft Research), Paul Gauthier (cofounder Inktomi & former CTO Groupon), Scott Russell (co-founder Softbank Technology Ventures), and Timothy Tuttle (founder & CEO at Expect Labs, founder Truveo).
The company intends to use the funds, which has been in private beta, to launch its public beta and introduce new features focused on giving its community new tools to tell personal stories in video, whether privately with their friends or publicly.
Led by Joshua Dern, CEO and co-founder, Larry Lieberman, COO, and Paul Vidich, Dynamite Labs offers a platform to share stories in video via video face masks and audio filters, which allow users to create personal stories.
Dynamite, whose videos are up to 42 seconds long, was also designed to support pro-social movements and is working directly with community-based organizations, activating people to share their experiences dealing with complex issues.
As part of its beta launch, Dynamite has partnered with the JED Foundation, a wellness organization advocating for college students, to engage people to share Dynamite videos.
FinSMEs
28/07/2015