Quortex raises €2.5m
June 22, 2020
Quortex, a provider of a video streaming solution over the Internet, has raised €2.5 million in seed capital, in a funding round led by Elaia and Go Capital, with the participation of Unexo and Business Angels.
The Quortex software solution is already used by customers such as M6 and Red Bee Media.
Quortex says this funding round will enable it to widen its technological advantage by extending its ‘Just In Time’ platform. Fully developed in the cloud, the solution is built as a logical combination of microservices that automatically organise themselves according to the network events and audience variations.
“Rather than processing content without knowing if someone will watch it and therefore consuming resources inefficiently, our solution is close to customer needs, offering massive scaling if necessary, but also reducing the carbon footprint to a bare minimum when needed,” commented Jérôme Viéron, CTO of Quortex.
“Streaming is often seen as a threat for the Internet as it uses up to 80% of its worldwide capacity” added Marc Baillavoine, Quortex CEO. “It should be seen as a unique opportunity and the streaming technical constraints must be exploited: our patented technology makes it possible to suit subscribers’ personal preferences, both in terms of video quality and in content, and to create as many television channels as there are subscribers.”