Vyond was founded in 2007 by Alvin Hung who only wanted to make an animation for his wife according to some users, and the first version of Vyond went live in mid 2008.
In May 2009, DomoAnimate was launched. This program allowed users to create Vyond based on the Domo shorts. The site closed down on September 15, 2014, and later redirected to the Vyond for Schools website.
In early 2011, Vyond became a founding partner of YouTube Create – a suite of apps available to content creators within YouTube.
A U.S. office in San Francisco opened in June 2011.
In late August 2011, Vyond for Schools was publicly launched. Vyond for Schools is a school-safe version of Vyond featuring dedicated privacy, security, content moderation and group management features.
In late 2011, a custom set of “Election 2012” characters became popular.
On March 1, 2012, Vyond launched the Business Friendly Theme, the first of the four Business Themes on the site.
In April 2012, the first business-oriented subscription plans were publicly launched. These included 1080p download, logo removal & replacement, and new business-oriented visual themes. These plans led to increased popularity and exposure for Vyond.By July 2013, over ten million videos had been created using the Vyond platform.
On September 16, 2013, Vyond changed its logo, being the removal of the exclamation mark. That same day, the site relaunched with a new user interface, plus the removal of GoBucks.

At the end of 2013, the “paper cutout” assets of explainer video pioneer Common Craft were integrated into Vyond as a new visual theme.

In April 2014, multi-seat business subscription plans were launched, including full-featured administrative tools along with group collaboration and review. Around the same time, Vyond also released their next Business theme, that being Whiteboard Animation, and a publishing integration with elearning courseware authoring platform Lectora.

By the end of 2014, Vyond library contained over 10,000 assets, including a new set of Supreme Court justices and settings.
In 2015, the Taiwan office was opened, making it Vyond’s third location (after Hong Kong and San Francisco.As of May 2015, Vyond announced future expansion plans included going public, but there had been no decision on the listing venue.
In Summer 2015, social network features such as favorites, comments and messages were removed so that Vyond could focus more on businesses & marketing.
On October 19, 2015, it was announced that Vyond would migrate from Adobe Flash and go towards HTML5 animation, which can allow mobile device compatibility. The older, less technological-adaptable themes (or Non-Business Themes) such as Lil' Peepz, Comedy World, and Cartoon Classics, were retired as they were incompatible with HTML5.Vyond for Schools however, retained Adobe Flash and the non-business themes until July 26, 2016.On November 25, 2015, Vyond replaced their free plan with a trial plan that lasts 14 days. After the subscription expires, the ability to create or edit videos is locked until you buy a paid plan.By the end of 2015, the company had over 50 employees.
Vyond provides its users with a library containing tens of thousands of pre-animated assets, which can be controlled through a simple drag & drop interface. Asset types include characters, actions, templates, props, text boxes, music tracks and sound effects. Users can also upload their own assets, such as audio files, image files or video files.

There is also a drag & drop composition tool, which users can employ to create pans and zooms.

Spoken dialogue and narration can be recorded directly into the platform or imported as an audio file. Characters can automatically lip-sync dialogue that is assigned to them. Alternatively, audio can be set as voiceover narration.