Blackbird plc announced that its new creator SaaS product, elevate.io, has moved into its early access testing phase. elevate.io, the Company's new end to end video and audio content creation and editing platform is scheduled for release in first quarter of 2024. Built using Blackbird, the platform aims to address key pain points facing creators including: complexity of tools; cumbersome collaboration with other users; and limited extensibility.

elevate.io has a set of disruptive features uniquely packaged in a browser and designed to solve these tangible problems, including real time multiplayer collaboration. Plug in architecture will enable elevate.io to be a hub for many 3rd party capabilities, including analytical and generative Artificial Intelligence. Not only will this extend functionality but will also provide additional revenue streams and futureproof the platform enabling elevate.io to keep pace with new innovative technologies through seamless integration.

elevate.io has been built natively in the public cloud, through a partnership with AWS and other cloud service providers. With this extensive global cloud infrastructure now integrated into its operations, elevate.io has the ability to scale its operations at speed, globally. For elevate.io's customers, this means consistent high performance, and high availability, regardless of geolocation.

elevate.io will address the wider creator economy valued at approximately $250 billion and set to double in size by 2027. The tools and services segment of this market which applies directly to elevate.io is valued at approximately $20 billion and is estimated to be worth $180 billion by 2032, a CAGR of 25.7%. With existing marquee clients in the high-end media & entertainment sector, the Company is ideally positioned to credibly launch into the creator market.

elevate.io will initially target both pro-teams and creators with different price points ranging from a free entry level tier to a professional and enterprise tier.