#VSCO KEYS MAP SOFTWARE#
The deal marked Instagram’s first-ever acquisition the app was subsequently shut down, with Karpenko joining Instagram’s team as a software engineer. Karpenko, Rylo’s chief executive officer, previously founded Luma Camera in 2011, a video-capture, stabilization and sharing app acquired by Instagram in 2013. Rylo was launched by Alex Karpenko and Chris Cunningham. The company tells us it will not continue to manufacture and sell its signature device but will continue to honor the warranty on previously sold cameras. Under VSCO’s ownership, Rylo will focus exclusively on building out its video editing tools for mobile. The device previously retailed for nearly $500 but now sells for as low as $250 on.
San Francisco-based Rylo was backed by a number of institutional investors, including Sequoia Capital, Alumni Ventures Group, Icon Ventures and Accel - a Silicon Valley venture capital fund and key stakeholder in Oakland-based VSCO.įounded in 2015, Rylo is best known for its 360° camera capable of creating cinematic video in 5.8K resolution. Rylo had raised roughly $38 million in venture capital funding, reaching a valuation of $120.25 million with a $20 million Series B announced in October 2018, according to data collected by PitchBook. The photo-sharing app behind the 2019 meme craze “VSCO girls” has acquired Rylo, a video editing startup founded by the original developer of Instagram’s Hyperlapse.Ī spokesperson for VSCO, an eight-year-old subscription-based business on track to surpass 4 million paying users, declined to disclose the terms of the deal.