iStreamPlanet, a specialist in live streaming video solutions, has announced that Juniper Networks has completed a strategic investment in iStreamPlanet’s Series A funding, which was led by Intel Capital. The investment will be funded by Juniper Networks’ Junos Innovation Fund. iStreamPlanet plans to use the proceeds from its Series A financing to accelerate the development of its live video streaming solutions, including Aventus, a cloud-based, live video workflow platform designed to address the challenges of streaming live events and live linear channels online to multiple platforms and devices.
“Live streaming media is one of the most demanding networking and caching scenarios, and one of the fastest areas of growth and opportunity,” said Robert Krohn, vice president and general manager, Edge Software Business Unit, Juniper Networks. “Keeping up with customer demand will require solutions with new levels of scalability and automation, and iStreamPlanet and Juniper Networks are now on a fast track to bring this type of solution to market.”