INSUBCONTINENT EXCLUSIVE:
Bitmovin, the online video software and infrastructure company founded by two of the creators of the MPEG-DASH video streaming standard, has
raised $30 million in Series B funding
The round is led by Highland Europe, with participation from existing investors Atomico, Constantia New Business, Dawn Capital, and Y
with the aim being to expand its global customer base of TV streaming providers, internet companies and social media companies
from research we did together at the University of Klagenfurt, in Austria
During our PhDs we co-created the MPEG-DASH video streaming standard, which is used by YouTube, Netflix, Hulu, etc
of the summer 2015 cohort, which Lederer says was perfect timing
Y Combinator really helped us as founders that started from a technical background
in Austria, London, New York, San Francisco, and Hong Kong
The Bitmovin CEO says there is more to come following this round as the explosion of high quality online video content shows no signs of
In turn, companies are finding that building an in-house solution can be prohibitively expensive and is prone to becoming obsolete as new
a passion for innovation and disruptive technologies
the technology side, recent Bitmovin announcements include the ability to use AI to encode videos more effectively (learning, scene-by-scene
how each video is treated so the next one is handled more quickly) and a new video player that can reduce the load time on a typical HTML
Facebook, Google, Microsoft and Samsung, amongst others)
a pool of incumbent, traditional media and consumer electronics companies
It helps opens the playing field to internet companies to, potentially, take more of the lead in video entertainment
founder says customers include Sling, Periscope, The New York Times, ProSiebenSat.1, Red Bull Media House, FuboTV, RTL and iflix
Just last year we had a revenue growth of 3.5x, and we expect similar growth this year, which is great, but at the same time we want to make
sure we continue to provide the best service and products to our customers
