Videon Raises $7.3 Million Series A Funding Led By Voyager Capital To Accelerate Growth And Innovation In Live Video Streaming
Summary
With a significant track record in digital video innovation, Videon has continually powered major milestones associated with optical disc technology, HDTV, Google TV, and Chromecast. Working closely with a partner ecosystem that includes Akamai, AWS, Mux, and Vimeo, Videons technology is used by customers like LiveX, Techex, and major broadcasters, and top sports leagues to deliver tens of thousands of hours of live video every day. When you add the potential to also take advantage of edge compute capabilities, you have a breakout opportunity," said Erik Benson, Managing Director at Voyager Capital, who previously led the Series A venture rounds for Elemental Technologies and MakeTV. By enhancing the cutting-edge processors normally found in the most advanced smartphones to deliver broadcast-quality video, Videon has created a revolutionary platform capable of game-changing media experiences without the cost and complexity associated with legacy broadcast technology. Today, Videon is used in 19 countries handling tens of thousands of hours of content each day — ranging from live sports and news for TV broadcasters secondary output to vertical markets such as betting, auction houses, emergency services, drones, and hundreds of other use cases.