US tech giant Microsoft has acquired Brisbane-based video editing software start-up Clipchamp, which was founded by a group of former SAP employees in 2013, in a deal that will see its founders move to work for its Microsoft 365 division.
Clipchamp makes simple-to-use video editing software, reminiscent of Canva’s document design tools, and had attracted $14.2 million in external funding, with Steve Baxter’s Transition Level Investments and associated investment syndicate TEN13 the local investors likely to be breaking open the champagne.
Loading...
Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
