In Broadcast - May 2018 - 57

57

www.inbroadcast.com | Vol: 8 - Issue 5 | May 2018

InForm

Bitmovin Raises US$30m
Series B Led by Highland Europe

B

itmovin has raised US$30 million
in Series B funding, led by
Highland Europe, to help expand its
global customer base of TV streaming
providers, internet companies and
social media companies.
The funding will allow Bitmovin
to scale its product R&D, field
engineering
and
sales
teams
worldwide.
Bitmovin solves complex video
problems arising from the exponential
growth in online video consumption
through its video compression,
playback and analytics APIs, making
it possible to stream video in higher
quality with less bandwidth, while
preventing buffering and long start-up
delays. Bitmovin's customers include
Sling, Periscope, The New York Times,
ProSiebenSat.1, Red Bull Media House,
FuboTV, RTL and iflix - collectively
delivering billions of videos to
consumers every day.
The Series B investment round was led

by Highland Europe, with participation
from existing investors Atomico,
Constantia New Business, Dawn Capital
and YCombinator. This latest round
brings the total investment in Bitmovin
to US$43 million. The company
also has experienced Silicon Valley
veterans as angel investors, including
the former Cisco CTO Ed Kozel, as
well as the former VP of Engineering
of Netflix, the founder of Gaikai, the
founder of Drupal, and the founder of
Unity3D. Bitmovin is also an alumnus
of YCombinator, the leading global
start-up accelerator.
Bitmovin evolved out of the founders'
PhD research project and, in less than
five years, has become a leader in next
generation online video technology.
The company has been at the forefront
of all major developments in online
video - from building the world's first
commercial adaptive streaming player
to deploying the first containerised
encoding service that runs on any

cloud provider or in a data centre.
Bitmovin's founders co-created the
MPEG-DASH video streaming standard
that is used by Netflix and YouTube
and delivers over 50% of total internet
traffic.
Bitmovin's technology stack provides
critical API building blocks for content
publishers as video consumption
moves away from cable and satellite
TV towards online video consumed on
any device, at any time.
Cisco predict that 80% of total
internet traffic will be comprised of

video by 2021. Recent innovations
include being the first to support the
AV1 video compression standard (the
new royalty-free codec backed by
Apple, Facebook, Google, Microsoft
and Samsung) and adding artificial
intelligence to video encoding.
This has resulted in industry-wide
recognition for Bitmovin, including
being selected as Best of NAB by
Streaming Media magazine and
regularly appearing in Streaming
Media's "Top 100 companies that
matter most in online video".

"Our mission is to provide the
infrastructure layer for all video on
the Internet, a market that combines
traditional media customers
as well as Internet companies
transforming into video companies"
Stefan Lederer, CEO & Co-Founder, Bitmovin


http://www.inbroadcast.com https://bitmovin.com/ http://www.appeartv.com http://www.appeartv.com

Table of Contents for the Digital Edition of In Broadcast - May 2018

Contents
In Broadcast - May 2018 - Intro
In Broadcast - May 2018 - Cover1
In Broadcast - May 2018 - Cover2
In Broadcast - May 2018 - Contents
In Broadcast - May 2018 - 4
In Broadcast - May 2018 - 5
In Broadcast - May 2018 - 6
In Broadcast - May 2018 - 7
In Broadcast - May 2018 - 8
In Broadcast - May 2018 - 9
In Broadcast - May 2018 - 10
In Broadcast - May 2018 - 11
In Broadcast - May 2018 - 12
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In Broadcast - May 2018 - 14
In Broadcast - May 2018 - 15
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In Broadcast - May 2018 - 18
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In Broadcast - May 2018 - 24
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In Broadcast - May 2018 - 26
In Broadcast - May 2018 - 27
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In Broadcast - May 2018 - 30
In Broadcast - May 2018 - 31
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In Broadcast - May 2018 - 64
In Broadcast - May 2018 - 65
In Broadcast - May 2018 - 66
In Broadcast - May 2018 - 67
In Broadcast - May 2018 - Cover3
In Broadcast - May 2018 - Cover4
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