Streamroot lands $3.2m in financing
September 12, 2017
Streamroot, pioneer in distributed OTT video delivery solutions, has secured an additional $3.2 million in funding, bringing the company’s total financing to $6 million. Contributions in this round came from premier international firms including Partech Ventures, Techstars Venture Capital Fund, Verizon Ventures and R/GA.
Founded in early 2014, Streamroot developed the first webRTC-based peer-to-peer delivery technology for online video publishers and has quickly risen to become the frontrunner in distributed OTT delivery solutions.
“Traditional server-based content delivery (CDN) is no longer adapted to colossal worldwide audiences and the demand for ever higher definition,” explains Streamroot Co-founder and CEO Pierre-Louis Theron. “Streamroot, meanwhile, scales naturally to audiences anywhere of any size. Using intelligent mesh networks and dynamic multi-sourcing of content, we offer both a more reliable and cost effective solution for broadcasters, and heightened quality for users.”