$3.2 Million in Venture Funding
On September 7,2017 French startup Streamroot raised $3.2 million from Partech Ventures, Techstars Venture Capital Fund, Verizon Ventures and R/GA. The company is taking advantage of WebRTC to make video streaming much cheaper.
When you’re watching a video on YouTube, Netflix, Amazon Prime, or HBO GO those companies send a video file to your device from their servers. It’s a one-way transaction between a data center and your device. That’s why these companies spend a ton of money on bandwidth because video files are very large.
Streamroot wants to revolutionize this model by adding a peer-to-peer layer. Companies like Dailymotion, Canal+, Eurosport and Russia Today have been using Streamroot’s technology so that not all videos come from their servers. The best part is that you don’t have to install anything as most modern web browsers support WebRTC’s most advanced features on desktop and mobile.
Streamroot now powers 400 million video sessions per month. The company says that 50 to 80 percent of customers’ traffic now takes advantage of their infrastructure.
Streamroot is a market leader in innovative OTT video optimisation technologies for content publishers, network service providers and enterprise customers.
You can find more information on Steamroot’s funding on Tech Crunch.