Google's YouTube Buys Video Editing Startup Directr
August 08, 2014
Directr, a mobile app and cloud platform that helps anyone create short, shareable home movies, has been acquired by YouTube. Directr has raised close to $2 million in funding, receiving capital from investors like Boston Seed Capital and Advancit Capital, among others. As part of the acquisition, Directr will drop its monthly/annual subscription fees and become a free service. Additionally, its employees will join the Video Ads team at YouTube.