Streamroot, a pioneer in distributed over-the-top (OTT) video delivery solutions, has secured new funding from international venture capital firms for its unique distributed approach to video delivery. The additional $3.2 million in funding brings the company’s total financing to $6 million.
Founded in early 2014, Streamroot has developed its webRTC-based peer-to-peer delivery technology for online video publishers and has quickly risen to become one of the frontrunner in distributed OTT delivery solutions, according to the company’s official statement.
Contributions in this latest financing round came from international firms including Partech Ventures, Techstars Venture Capital Fund, Verizon Ventures and R/GA.
Since its seed round of funding, Streamroot has multiplied the traffic managed on its platform by 500, and now powers over 400 million video sessions every month. The company’s “revolutionary approach” has drawn brisk adoption from high-profile media groups including Dailymotion, Canal+, Eurosport (part of the Discovery Communications group), and Russia Today. Streamroot uniquely offers cross-device compatibility across desktop, mobile and a range of set-top boxes.
“Traditional server-based content delivery (CDN) is no longer adapted to colossal worldwide audiences and the demand for ever higher definition,” said Pierre-Louis Theron, co-founder and CEO of Streamroot. “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.”
Streamroot technologies are based on open standards such as WebRTC, Media Source Extensions and HTML5, and are widely adopted by broadcasters around the world. Founded in 2013 in France, the company today serves customers from its Paris and New York offices.
“Streamroot has laid the groundwork to reshape OTT video delivery as we know it, and we are now working to build the largest and most reliable delivery infrastructure in the world without relying on a single server,” added Mr. Theron. “These funds will allow us to accelerate our development and tackle the monumental challenge of bringing TV-grade quality to billions of viewers across the world.”