Rive Raises $10 Million in Series A Funding  

by Kay Aloha Villamor in January 18th, 2023

Rive, a San Francisco, CA-based provider of real-time animation software, announced $10 million in a Series A funding round led by Two Sigma Ventures.

This funding will support the launch of Rive's cloud collaboration tool for creating animated graphics that run anywhere.

"Developers and designers are too siloed from one another, creating inefficiencies in workflows. Our design tool bridges that gap in collaboration, and streamlines building interactive content for products," said Guido Rosso, CEO, and co-founder of Rive. "By offering an end-to-end pipeline for design, interactivity, and animation, what you build in Rive looks and behaves exactly how it will in your websites, apps, and games."

Rive presents an all-in-one tool for designers and developers to reach new audiences through interactivity. Google, Samsung, Philips, WHOOP, Duolingo, Sonos, Atlassian, and more rely on Rive's software to bring products to life.

Company: Rive, Inc.

Raised: $10.0M

Round: Series A

Funding Month: January 2023

Lead Investors: Two Sigma Ventures

Additional Investors:

Company Website: https://rive.app/

Software Category: Animation Software

About the Company: Rive is a real-time interactive design tool that allows you to design, animate, and integrate assets into any platform. Rive is changing the way designers and developers work together by enabling creatives to build animated interactive experiences that run faster, store smaller, and use less memory than existing design solutions. This new workflow allows designers and developers to focus on what each does best, eliminating the need for a complicated handoff. Creative teams can iterate freely on graphics like animated UI, characters, heads-up displays, hero moments, buttons, icons, and emojis. Rive saves companies time and engineering resources, empowering designers to produce interactive content from ideation to production. 

Source: https://www.prnewswire.com/news-releases/rive-raises-10m-series-a-funding-led-by-two-sigma-ventures-301718542.html

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