Global search giant Google buys Fly Labs-a video editing startup


Google has acquired Fly Labs, a maker of iOS apps for video editing. New York-based Fly Labs has developed four iOS apps for quickly editing videos.

“We’re excited to announce that Fly Labs has been acquired by Google!” Fly said in a statement posted on its website. “We’re excited to continue on our mission by joining Google and the Google Photos team in Mountain View, California. Google Photos is a home for your life’s memories, powered by Google’s machine learning and computer vision technology. It’s a perfect match for what we built at Fly Labs, and we’re looking forward to folding our technology into Google Photos. We’ll be pouring the same passion into Google Photos that we poured into Clips, Fly, Tempo and Crop on the Fly,” statement added.

Founded by Tim Novikoff, Fly said its apps have been downloaded 3 million times in over 150 different countries and that over 20 million videos have been created with apps made by Fly Labs.

Google has not disclosed terms of the deal. Also, it is not clear how Fly’s apps would be incorporated into Google Photos, which so far do not support editing. Fly Labs had reportedly raised $750,000.

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From ITvoir News Desk