360 video startup Pie, has raised a seed round and launched its first iPhone app. With Pie, users can add text and transitions to 360 degree videos, make fast cuts, short clips and share their work with others.
The seed round was led by McClatchy, Colopl VR Fund, Sparkland Capital, Stage Venture Partners, Graph Ventures and Matter Ventures.
The California based company plans to use the seed fund to build a mobile social network where users can discover, create, and share 360 videos and a new ‘touchable video’ format it has developed called ‘slices.’ The company describes them as swipeable 360 GIFs.
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Source: Haptical