VEED.IO

VEED.IO is a British company developing an artificial intelligence (AI)-powered online video editing platform to simplify creating videos for creators and businesses. VEED offers a wide range of video editing tools divided into three main products:

• Video editor—software with features including progress bars, filters, transitions, adding audio, removing background noise, removing backgrounds without the need for a green screen, video polishing to remove unwanted silences or pauses, subtitles and transcriptions, text-to-speech to add voiceover without recording, and more. The software also optimizes content for different channels, provides video hosting, and enables customers to export and share in 4K resolution.
• Screen record—for capturing and sharing the user's screen while recording their webcam with additional functionality. This includes eye contact correction and a range of layouts.
• Subtitles and transcription—automatic video subtitling and transcriptions using speech recognition software. Subtitles can be translated into different languages. VEED states its subtitling is 98.5 percent accurate.

A full list of VEED video editing tools can be found on their website. The company's software targets customers making videos for marketing, educational content, and social media. VEED offers reduced functionality for free users and three paid subscription plans, including Basic (starter plan at £10 a month), Pro (for professionals at £18 a month), and Business (for teams of up to five looking to collaborate on video content for £49 a month).

VEED was founded in 2018 by Sabba Keynejad (CEO) and Timur Mamedov. The company is headquartered in London but has a remote workforce. Initially bootstrapped, the company received $35 million in Series A funding from Sequoia in February 2022. At the time of funding, the company stated it had 1 million users and an annual recurring revenue of $7 million. VEED started charging for its products in June 2019, when it had 30,000 monthly active users. In June 2020, they reached over $85 thousand in revenue a month, translating to over $1 million in annual revenue.