Ilos Secures $1.5 Million

Media echnology startup Ilos Videos announced it has raised $1.5 million in seed financing. Three investors participated in the round: Active Venture Partners, Ingram Digital Ventures, and Hyde Park Venture Partners.

Ilos was founded in 2015 with the desire to put the power of video into the hands of organizations to be more productive and communicate with clarity. The company now has more than 200 customers across North America, scaling 300 percent year-over-year and reporting $100K monthly recurring revenue, ranging from UC Berkeley and Unitedhealth Group to General Electric and 3M.

The company revealed that the funding from this round will help Ilos continue to increase revenue and to lay the technology and business process foundation to help the company become a significant business.