Videon participates in Alter Venture Partners’ funding fund for edge computing video platform innovation

The company specialized in edge computing for video Videon has raised a further $9m bringing total investment in the past seven months to $16.3m. The objective of the funding, led by Alter Venture Partners, will drive further innovation in its next-generation video edge computing platform. It also counts with the participation from Voyager Capital, Fortson VC, Bruce Chizen, and Cercano Management.

Videon puts edge computing power at the point that video is created, enabling a range of video processing tasks to be completed before content goes into the cloud. Processing video at source is the key to reducing latency. This is especially vital for sports, gaming, and betting applications.

The company’s technology powers lots of live video contents across more than 19 countries. Its partners Techex, THEO Technologies, V-Nova, and Zixi are building and deploying applications that harness Videon’s edge computing capabilities.

“Live video streaming continues to see exponential growth across everything from news and sports to security, emergency services, and corporate content, with the live streaming market estimated to be worth $4.26 billion by 2028,” said Tricia Iboshi, CEO at Videon. “For our customers, just getting live video over the internet is table-stakes and only the start of the story for what they need to achieve. We’ve spent the last 6 months working with industry leaders across the video ecosystem to unlock the potential of the edge to deliver new experiences, drive greater efficiencies, and create more opportunities for personalization and monetization. The latest funding will enable us to continue to innovate, adding more video applications, enabling disruptive workflows and driving live video at scale.”

“Live streaming is exploding but it’s actually only at the first stage of its potential. At the moment, the economics of creating and distributing live video are restricting what content creators and media organizations are able to do,” said Louis Toth, Managing Partner at Alter Venture Partners. “Videon is revolutionizing live video through powerful edge processing at an unrivaled price point. Videon’s video edge computing platform has huge market potential — it opens up unlimited live video use cases across sectors powered by low latency, multiple camera angles, technologies like AI and Machine Learning, and new monetization opportunities.”

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