Faultline Online Reporter came across Grabyo, a five-year-old start-up based out of London – but with East and West coast US offices – last month when the company won a major deal at Fox Sports. There are plenty of vendors out there offering cloud-based video production tools, but Grabyo must have something rather unique to have amassed such an impressive customer base in just a few years. Grabyo started off in the live clipping business for broadcast and has since expanded to live production and streaming tools, plus software for social publishing and distribution. “We are still seeing lots of hardware set ups for TV which are not vastly different from those being used 20 or 30 years ago,” Grabyo…