At Switcher Inc., we believe in the power of video, “in its unparalleled ability to reach, connect, and bring people together.” We’ve been saying that for years; it’s our vision statement and our inspiration. We just didn’t realize quite how precise it would become in 2020.
Video — live video, in particular — has managed to keep people connected, to bring people together, in a time of incomparable disconnection and distance. As a creativity platform for live video, we have gotten to witness this on a daily basis. We’ve been so inspired by the creative and thoughtful ways that people and businesses have been using Switcher, especially during times of such uncertainty. Check out these customer highlights from the past year:
In 2020, we saw brands and creators from all walks of life use livestreaming to help keep their businesses and communities afloat, to share crucial updates and information, and, sometimes, just to bring joy to anyone watching.
Though we’ve always known live video was powerful, we didn’t realize it would become indispensable too. Its sudden accelerated adoption is now playing a major role in our plans for the future.
For all our love of live video, we had no idea streaming would spread this broadly this quickly. In 2019, we mapped a three- to five-year strategy with the understanding that we were ahead of the curve. We knew we were selling toward a livestreaming behavior that hadn’t yet been widely adopted. But because of COVID-19, we’ve now seen businesses and individuals use live video in a way we didn’t expect to see for another three years. Despite the hardships the pandemic has caused, it has also advanced the use and adoption of live video.
We and our customers alike have responded by scaling to meet the growing demand for live video. In the first half of 2020, our subscriber base tripled, and over the course of the year, our team more than doubled — expanding from 15 to 36. We now have subscribers in 136 countries.
We’ve got our eyes on the future, on the continued adoption of live video, and on growing with — and for — our customers. In 2020, we raised $2.4 million in new investments, for a Series Seed total of $3.4 million. Louisville-based Thornton Capital led the round.
Our other key investors include San Francisco-based West Ventures; Louisville-based Poplar Ventures, which focuses on cloud-based SaaS companies in Middle America; and NBA All-Star-turned-entrepreneur Baron Davis. (The guy holds the record for the longest successful shot in NBA history, made .7 seconds before the buzzer, and that ability to foresee and execute the seemingly impossible in a literal split-second is an acumen useful way beyond the basketball court.)
So what are we doing with the investments? I’m glad you asked. Here’s what we’re focused on:
We’re still changing the way that video gets made. The world is still changing too. And it’s all happening faster than we could’ve expected. As we begin this new year, we’re looking forward to helping more businesses and creators make better video, more often, with gear they already have. We’re convinced that there will never be less video than there is right now — and that it will never be more important to keep people connected, and, ultimately, that’s the business we’re in.