Google Started Buying Startup Companies Again!

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Google has summoned back its old self of buying startup companies, as it has just added Fly Labs to its already long list of acquisitions. The New York-headquartered possession is adept to video-editing apps.

Fly Labs had generated a group of four video-editing apps to assist people “edit on the fly.” Crop, which happens to be one of the apps, can transform vertical cellphone videos into horizontal that are also Youtube-Friendly. Its latest release, dubbed as Clips, can transform small video fragments into ostensible chef-d’oeuvre short video films.

In the Fly Labs statement the startup stated that over 20 million videos had been made via its product.

The Google’s new acquisition came at the heels of the company which has just disclosed its lowest deal activity, in terms of worth for the past 6 years. The deal’s terms weren’t divulged but Fly Labs had allegedly raised an amount of $750,000.

The Fly Labs’ technology will be integrated into Google’s already vigorous photos app.

Here’s the full statement of the startup company Fly Labs:

We’re excited to announce that Fly Labs has been acquired by Google!

Our mission at Fly Labs has always been simple: to help people make the most of their photos and videos. We make video-editing apps because we believe that there’s no better way to stay connected with your memories than by engaging with them creatively. In the last 18 months, our video-editing apps have been downloaded more than 3 million times in over 150 different countries. More than 20 million videos have been created with apps made by Fly Labs.

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.

Meanwhile, as of today, all Fly Labs apps are completely free with no in-app purchases. The apps will be available on the App Store for another three months, so you can still download them and use them to get creative with video. But please note that we will not be submitting anymore updates to the apps. Once the apps are removed from the App Store, you will still be able to use them, but they will no longer be available for download.

We’d like to thank our users, beta testers, investors, friends, and families and everybody who helped us get this far. Onward and upward!


The Fly Labs Team

Source: telegram.com