Fly Labs - About the company
Fly Labs is an acqui-hired company based in New York City (United States), founded in 2012 by LaiYee Ho and Tim Novikoff. It operates as a Creates apps for video editing applications. Fly Labs has raised $25K in funding. The company has 365 active competitors, including 71 funded and 19 that have exited. Its top competitors include companies like TrueFan AI, OpusClip and Wondershare.
Company Details
Fly Labs Inc. develops apps for video editing purposes. Its application can help users to edit and arrange video clips,to club videos together, to add voice-over etc. The company’s apps are available on the App Store.Its video editing apps have been downloaded more than 3 million times in over 150 different countries and more than 20 million videos have been created with apps made by Fly Labs. The company was acquired by Google in November,2015.
- Website
- editonthefly.com
- Social
Key Metrics
Founded Year
2012
Location
New York City, United States
Stage
Acqui-Hired
Total Funding
$25K in 2 rounds
Latest Funding Round
Investors
Ranked
105th among 365 active competitors
Employee Count
1 - 10 as on Jul 01, 2024
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Fly Labs's funding and investors
Fly Labs has raised a total funding of $25K over 2 rounds. Its first funding round was on Aug 08, 2012. Its latest funding round was a Seed round on Jan 2013 for $*****. 1 investor participated in its latest round. Fly Labs has 4 institutional investors.
Here is the list of recent funding rounds of Fly Labs:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 2013 | 5108582 | Seed | 6887951 | 4277976 | 7390734 | 1629293 |
Aug 08, 2012 | 1972757 | Seed | 1678270 | 2292052 | 4836224 |
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Fly Labs' founders and board of directors
Founder? Claim ProfileThe founders of Fly Labs are LaiYee Ho and Tim Novikoff.
Here are the details of Fly Labs' key team members:
- LaiYee Ho: Former Co-Founder of Fly Labs and founder of 2 other companies, Delve and Delve-Labs.
- Tim Novikoff: Founder & CEO of Fly Labs and founder of 1 other company. Contact Info: 1 email address
View details of Fly Labs's Founder profiles and Board Members
Fly Labs' employee count trend
Fly Labs has 1 - 10 employees as of Jul 24. Here is Fly Labs's employee count trend over the years:
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Fly Labs's Competitors and alternates
Top competitors of Fly Labs include TrueFan AI, OpusClip and Wondershare. Here is the list of Top 10 competitors of Fly Labs, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  TrueFan AI 2020, Gurugram (India), Series A | Provider of AI video platform for enterprise marketing and content creation | $11.1M | 69/100 | |
2nd |  OpusClip 2022, San Francisco (United States), Series A | Provider of AI video editing tools for short-form content creation | $50M | 69/100 | |
3rd |  Wondershare 2003, Vancouver (Canada), Series B | Developer of software for video editing, PDF management, and data recovery | $10M | 68/100 | |
4th | Descript 2017, San Francisco (United States), Series C | Provider of an AI-powered platform for video and podcast creation | $101M | 65/100 | |
5th |  SundaySky 2007, New York City (United States), Acquired | Provider of an enterprise video platform for personalized customer engagement | $67.1M | 64/100 | |
6th | WeVideo 2011, Mountain View (United States), Acquired | Provider of tools for video creation, interactive video, and video hosting | $21.2M | 63/100 | |
7th |  Aishi Technology 2024, Beijing (China), Acquired | AI-powered video generation platform | $443M | 62/100 | |
8th | Animated video creation application provider | - | - | 62/100 | |
9th | Flora 2024, New York City (United States), Series A | Developer of a platform providing creative artificial intelligence tools and workflows | $52M | 61/100 | |
10th | Riverside 1985, Fort Collins (United States), Series C | Provider of an AI-powered platform for recording, editing, and distributing content | $80M | 61/100 | |
105th | Fly Labs 2012, New York City (United States), Acqui-Hired | Creates apps for video editing applications | $25K | 28/100 |
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Fly Labs's Investments and acquisitions
Fly Labs has made no investments or acquisitions yet.
Reports related to Fly Labs
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