Vidby
About the Company
Vidby was founded by Alexander Konovalov and Eugen von Rubinberg, drawing from their extensive experience in technology and startup ventures. Based in Switzerland with roots in Ukraine, vidby provides advanced AI translation and video dubbing services aimed at corporations, educational institutions, and influencers. The company’s innovative technology ensures high-quality translations with accuracy rates between 99% and 100%. Vidby has established itself as one of the top players in the automated translation and dubbing market, thanks to its effective solutions and strong industry partnerships.
Idea Behind Company
The inspiration for vidby originated from Konovalov’s earlier work in translating video calls, which gained significant attention and accolades. This experience highlighted the potential of real-time translation in various applications. Following a challenging period for their previous venture, Konovalov and his team pivoted to develop vidby in 2021, focusing on a more refined concept. The goal was to create a robust solution that addressed the evolving needs of global localization, leveraging cutting-edge AI technology to improve communication and engagement across different languages.
Creating the Company
The development of vidby began with a minimal viable product released through Telegram, allowing the team to collect feedback and validate the concept. Despite limited resources, this approach enabled them to test the market and secure investor support. The initial product included features such as automatic translation, speech transcription, and payment processing. The team’s focus on continuous improvement and innovation helped them overcome challenges and refine their product, setting a solid foundation for the company's growth and success.
Launching the Business
Launching vidby involved leveraging their previous experience and addressing the unique challenges of the startup environment. The founders bypassed traditional financing rules, choosing instead to seek investment from shareholders who believed in their vision. This strategy, combined with a focus on quality and avoiding unnecessary perfectionism, allowed them to launch effectively. Vidby’s early emphasis on securing investment and refining their product based on user feedback played a crucial role in their successful market entry and subsequent growth.
Earnings
Vidby has achieved significant financial milestones, including a revenue of $997,000 in 2022. The company’s pricing strategy has evolved to offer various service tiers and subscription models, with a current focus on premium, on-demand services. Vidby’s goal is to go public by 2026 with a valuation exceeding $1 billion. The company continues to expand its product offerings and target new markets, aiming to maintain its growth trajectory and enhance its market position.
