PhenixP2P, one of the most 5 finalists in our 2016 Disrupt London Battlefield competitors, today announced that it has raised a $ 3.5 million sequence A round led with the aid of KB companions. With this, the corporate has now raised $ 5.5 million for its actual-time video streaming resolution that guarantees to offer a ways decrease latency and a better user expertise than identical products and services.
the final problem PhenixP2P got down to clear up is that it’s nonetheless very onerous to circulate major events in real time. What you are in most cases seeing to your monitor regularly happened more than a minute in the past, therefore your Twitter feed is continuously extra real time than the “live” video you’re watching. to do this, the corporate’s PCast platform makes use of, among other issues, peer-to-peer connections to resolve most of the bandwidth constraints that hang again similar services and products.
“these days’s ‘reside’ streaming systems ship content with vital delay, or latency, which reduces viewer engagement and prevents interactivity,” mentioned PhenixP2P CEO Stefan Birrer. “consumers are aggravating actual-time applications, and current real-time video streaming systems don’t meet the required scale, as they’re restricted to only some hundred concurrent viewers.”
PhenixP2P promises that developers can achieve latencies of beneath 0.5 seconds with its platform while still being able to scale to tens of millions of concurrent viewers.
the corporate says it is going to use the brand new funding to fuel its industry construction growth, speed up product building, and rent on each its trade and engineering facets.
Fundings & Exits – TechCrunch