A Preston-based tech firm is predicting that revenue will grow to £25m inside three years as more companies use video content.
Viddyoze is the world’s only 100% automated video animation service and already has 75,000 customers, including the likes of Tesla, Sony and PwC.
The company was founded in 2015 by David Chamberlain, Jamie Garside and Joey Xoto after the trio recognised that video content was only accessible to companies with big budgets.
Viddyoze’s technology allows people to create and use their own video animation in three simple clicks at a fraction of the cost.
The firm launched with 30 templates in September 2015 and generated over £380,000 revenue in four days.
Chamberlain, who started his career as a trainee accountant with Lancashire-based Moore & Smalley before deciding to become a entrepreneur, said: “The intention of the launch was to open the product, get some users and then stop further people buying it while we worked on the product with the existing user base and got our team of animators to increase the number of templates available.”
The company is predicting revenue will reach £10m this year and £25m by 2022.
“Video isn’t the next big thing,” said Chamberlain, “it is the thing. We wanted to make it simple and cheaper. We wanted to open up the opportunity for smaller companies to use video marketing.”