Digital media startup Streamroot announced it has secured $3.2 million in financing. Four investors contributed to the round: Partech Ventures, Techstars Ventures, Verizon Ventures, and RGA Ventures.
Streamroot is a market leader in innovative over-the-top (OTT) video optimisation technologies for content publishers, network service providers, and enterprise customers. The company’s core technology, Streamroot DNA™, provides a foundation for building profitable OTT video strategies. An infrastructure-as-a-service solution, Streamroot DNA harnesses the power of distributed delivery networks to heighten quality and drastically cut delivery cost.
According to the company, the new funds will allow Streamroot to accelerate its development and tackle the monumental challenge of bringing TV-grade quality to billions of viewers across the world.