US-based video sharing platform Vimeo announced that it received investment last month, while it announced its third quarter financial results. Vimeo, the most preferred video sharing platform after YouTube, stated that the investment amount is 150 million dollars. Founded by Zach Klein and Jake Lodwick in 2004, it was Vimeo’s first investment after a long hiatus.
Giants of the world among its customers
The US-based video sharing site Vimeo had withdrawn from its competition with Youtube and turned into a service-oriented platform. Vimeo, which has millions of viewers and more than 3,500 customers, did not make any losses, even though it withdrew from the said competition. Among Vimeo’s customers are world giants such as Starbucks and Amazon.