Video Streaming Technology Company Mux Raises $37 Million

• Mux — the main video platform for builders — introduced it has closed $37 million in Sequence C funding

Mux — the main video platform for builders — introduced it has closed $37 million in Sequence C funding. This spherical of funding was led by Andreessen Horowitz with participation from Cobalt and Accel.

With this spherical, Mux will increase product, gross sales, and advertising and marketing groups to assist extra of the world’s main corporations ship the perfect on-line video streaming experiences.

Mux basically takes the complexity out of a sophisticated technical course of. And Mux does this by offering an API that permits any sized improvement staff to construct top quality stay and on-demand video experiences throughout all kinds of units and connections.

The corporate’s know-how is crucial as streaming video consumption has skyrocketed over the past 6 months. In accordance with Mux’s analysis, social media clients noticed a rise of 118% in video streaming since mid-February whereas health and well being streaming surged by 162%, e-learning grew by 230%, and spiritual streams jumped practically three orders of magnitude.

Relatively than hiring a number of and specialised builders to resolve the numerous hurdles of streaming video, Mux makes it straightforward for present groups to host, stream, and optimize the efficiency of movies. A few of Mux’s clients embrace SoulCycle, Equinox, Robinhood, VSCO, and Hopin.

Mux permits corporations to make the most of a simple to make use of and developer-friendly API to ship Netflix-quality movies and stay streams which might be playable for viewers throughout bandwidth speeds, display sizes, and system capabilities. And that implies that corporations that historically was not constructed for streaming can simply construct their very own distinctive and enterprise-grade video expertise and shift to a streaming enterprise mannequin with ease.

KEY QUOTES:

“On-line video is likely one of the issues that helps the world throughout a pandemic. Video helps individuals keep related, keep match, and keep sane. Mux is ready to energy yoga courses, live shows, homeschooling curriculum, breaking information, commencement ceremonies, and extra. On-line video was already rising rapidly earlier than 2020, however now extra corporations have been compelled to reinvent the way in which they ship their merchandise, and we’re excited to be on the middle of this progress.”

— Mux CEO and Founder Jon Dahl

“Mux is the clear chief within the video API area and we’re excited to companion with this bold staff as they proceed to energy the very best high quality video streaming. We imagine video is the way forward for how we’ll eat and work together with each individuals and content material, and this macro shift of COVID-19 has solely accelerated this pattern.”

— Kristina Shen, Common Associate at Andreessen Horowitz

 

Credit score:Source link