Videon raises additional $9m
February 1, 2022
Videon, a specialist in edge computing for video, has raised a further $9 million (€7.9m) bringing total investment in the past seven months to $16.3 million.
The funding, led by Alter Venture Partners with participation from Voyager Capital, Fortson VC, Bruce Chizen, and Cercano Management, will drive further innovation in its next-generation video edge computing platform.
Videon’s technology powers thousands of hours of live video every day for audiences across more than 19 countries. Industry partners including Techex, THEO Technologies, V-Nova, and Zixi are now building and deploying applications that harness the benefits of Videon’s edge computing capabilities for their customers.
“Live video streaming continues to see exponential growth across everything from news and sports to security, emergency services, and corporate content, with the live streaming market estimated to be worth $4.26 billion by 2028,” said Tricia Iboshi, CEO at Videon. “For our customers, just getting live video over the internet is table-stakes and only the start of the story for what they need to achieve. We’ve spent the last 6 months working with industry leaders across the video ecosystem to unlock the potential of the edge to deliver new experiences, drive greater efficiencies, and create more opportunities for personalisation and monetisation. The latest funding will enable us to continue to innovate, adding more video applications, enabling disruptive workflows and driving live video at scale.”