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Fliptrack has raised $1.5M in Series A funding from Mohr Davidow Ventures and have launched their service. Fliptrack allows users to generate slide shows of their photos and sync them with music.

Photo slideshows is a saturated market with Slide, RockYou and Photobucket trying to cut eachothers throat. The distinctness of Fliptrack in this cut throat competition is the ability ot sync music of your choice with the slideshows. The web editer is extremely easy to use and is almost automated. All you need to do to make a FlipTrack, a slideshow on the service, is to pick a music track and upload your desired photos from your pc, website or the social network that you are using. The rest is their job.

You can also use drag and drop to order photos, create effects and transitions, add captions, crop, rotate and pan images. FlipTrack also plans to add video editing to its service. There is however one problem with all this, any existing service like Slide, Photobucket can add this functionality into their feature set in order to out do fliptrack It will be interesting to see what they will do if and when this happens.

Read Techcrunch and Mashable for more.