OpusClip Analysis: $20M Raised
What is OpusClip?
OpusClip specializes in transforming long videos into high-quality viral clips. Their unique AI technology analyzes video content to create engaging short clips that resonate with audiences. This approach enables creators and businesses to enhance their online presence and reach wider audiences efficiently.
Employees
51-200
Founded
2022
Industry
SaaS, MarTech, Content Creator
Valuation
$215.0M
Free Plan Availability
Yes
Latest Funding Amount
$20,000,000
Latest Funding Round Size
$20.0M
Selfserve Signup
Yes
Product Features & Capabilities
- AI video clipping tool that generates viral shorts
- AI captioning with over 97% accuracy
- AI reframe model for resizing videos
- AI B-Roll generation for enhanced storytelling
- Social media scheduling for streamlined posting.
How much OpusClip raised
Series B - $20.0M
RecentOther Considerations
Trusted by over 12 million creators; Winner of Best in Show at SXSW Pitch 2024; Offers a free trial for new users.
Gtm Strategy
OpusClip employs a product-led growth (PLG) strategy, as evidenced by their website's design and offerings.
Trade Show Presence
OpusClip participated in the 2024 SXSW Pitch Competition, where they won both the Best Pitch in the Entertainment, Content, & Media category and the Best in Show award. The event took place in March 2024, and Young Zhao, Co-Founder and CEO, expressed pride in their achievements, highlighting the traction gained through their AI product and creator-first approach. However, no additional trade shows or conferences were found in the search results for the past year.
Homepage Pricing
OpusClip offers a transparent pricing structure that includes a free tier with a 7-day trial of the Pro Plan, allowing users to process 90 minutes of video. After the trial, users can continue with a free plan that provides 60 minutes of monthly processing. For those seeking more features, there are paid subscription plans that offer flexible upload credits, with the Pro Plan providing 50% more credits than the free tier. The homepage emphasizes that "OpusClip is free to use," indicating a clear and accessible pricing model.
Reported Clients
OpusClip has reported several notable clients on their website, including Grant Cardone, Scott Galloway, What If, and Jenny Hoyos. These clients utilize OpusClip's services to enhance their video content and reach wider audiences. For instance, Lewis Howes mentioned that the platform significantly reduces the time required to create video clips, stating, "It used to take days to create clips. Now it takes us minutes to create them." This highlights the efficiency and effectiveness of OpusClip's AI technology in transforming long videos into engaging short clips.
Tech Stack
OpusClip's technology ecosystem includes:
- Programming Languages: Python, JavaScript, Typescript, C++.
- Frameworks and Libraries: React, NodeJS, Django, PyTorch, TensorFlow.
- Infrastructure and DevOps Tools: Google Cloud Platform (GCP), Redis, MongoDB, Cloud Storage.
- Data Technologies: Emphasis on AI technologies for video processing.
- Sales Tools: Limited information on specific sales tools.
- Domain-Specific Tools: Premiere Pro, After Effects, CapCut.
