WeVideo announced it has raised a $19.2 million Series A round led by Crest Capital Ventures. Last week I interviewed WeVideo's VP of Product, John Canning, at the NABShow, who explained what's so special about its cloud-based, in-browser, collaborative video editing platform. John shares more about whom WeVideo competes with in both the consumer and the enterprise markets. WeVideo also announced an integration with the new Google Drive storage service, showing once again how powerful cloud computing has become.

See video below (7 minutes, 8 seconds).