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Company that offers Online video Editing tools, recently acquired by Microsoft
Clipchamp
Screenshot of Clipchamp editor, running on Windows 11
Clipchamp is an online video editing tool developed by Australian company Clipchamp Pty Ltd. It is a non-linear editing software that allows users to import, edit, and export audiovisual material in an Internet browser window.
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 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 (Redrup, 2020).[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 7 September 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] Clipchamp was later integrated as part of Windows 11 on March 9, 2022.[11]
