Partech Ventures leads a $2.5M seed round for Streamroot
Streamroot announced it managed to raise $2.5M in a seed round funding in order to redesign video streaming infrastructure and deliver high quality content at scale. Partech Ventures led the whole process with the participation of Walnut Venture Associates, Cherrystone Angel Group, Jean-David Blanc and the French BPI.
Streamroot’s goal is to make high quality, smooth video delivery available to all content publishers, and to improve the architecture of the Internet by decentralizing web traffic. The startup is planning to use the funding to secure its position in the U.S. and European markets and at the same time achieve its multi-device ambitions. With a unique approach to video delivery, the startup aims to help broadcasters overcome one of the biggest challenges facing the web today: the explosion of video traffic. Streamroot aims to bring the industry a more robust, reliable and flexible streaming architecture that can scale to millions of viewers watching video content across the world. Today, video content represents over 60% of worldwide internet traffic and with the growing use of mobile devices, this figure is set to jump to 90% by 2018.