In a blog post announcing the new venture, Kilar and Tom revealed that they have assembled a team that have experience “building and innovating” at companies like Hulu, Netflix and Amazon.
They added: “If you are a content creator, particularly a video content creator, we should talk!”
Though precise details of the Vessel service were not revealed, Kilar and Tom said that the team are “passionate about the intersection of media and technology.”
“We see an opportunity to improve media, particularly next generation video,” they said, claiming the service will launch this year.
Investors backing Vessel include Benchmark, Greylock Partners, and Bezos Expeditions – the personal investment company of Amazon founder and CEO Jeff Bezos.
Like in their previous careers at Hulu, Kilar becomes CEO and Tom CTO of Vessel. The pair left the US online TV company during the first quarter of last year.