Bitmovin Raises $25 Million to Drive New Innovations in Video Streaming Industry

Funding to Expand Bitmovin’s Streaming Solutions to Meet 380% Growth in Network Traffic of Video on the Internet Bitmovin, a leading provider of video infrastructure for global digital media companies, today announced it has raised $25 million in Series C financing. The company will leverage this investment to drive the continued expansion of its product innovation and technology leadership in the streaming space. “With its strong culture of innovation in engineering and technology, Bitmovin continues to transform the industry with solutions that consistently raise the bar for efficiency, quality and performance in video streaming,” said Fergal Mullen, Partner at Highland Europe. “Bitmovin continues to set the pace for industry innovation, pushing video streaming to new heights while allowing new market entrants to compete with established players,” said Stefan Kuentz, Investment Partner at Swisscom Ventures. “We are extremely proud to be a key partner of Bitmovin’s in seizing this tremendous market opportunity.” Bitmovin powers the world’s largest OTT online video providers, including discovery+, fuboTV, DAZN, BBC, RTL, RedBull Media House, Globo, ClassPass, The New York Times, and many more, with video developer tools that enable them to build leading online streaming experience.