Video-based software-as-a-service (SaaS) platform Hippo Video raised $8 million in a strategic funding round led by venture capital firm Dallas Venture Capital (DVC) where Alpha Wave Incubation, KAE Capital, and Exfinity Venture Partners also participated.
Hippo Video is a business-to-business startup that enables its clients to create, share, and distribute videos in order to improve outcomes across sales, marketing, and customer success teams. The funds will be used to fuel Hippo Video’s expansion across the United States and to expand its customer use cases. The funds will also be used to expand its product portfolio and focus on improving product features. A SaaSBOOMi report estimates that the Indian SaaS sector is well poised to generate revenue in the range of $50 billion and $70 billion by 2030 and would dominate 4%-6% of the global market by then.