Saturday, May 18, 2024
HomeFundingBC-based Netskrt Systems Secures $10Million in Series A Round Equity Funding -...

BC-based Netskrt Systems Secures $10Million in Series A Round Equity Funding – FUNDING NEWS

Netskrt Systems, a Content Delivery Network (CDN) provider uniquely focused on improving over-the-top (OTT) streaming video quality at the network edge, secures $10million in series A round equity funding from Yaletown Partners, InBC Investment Corp, and Crédit Mutuel Equity.

Netskrt Systems, a Content Delivery Network (CDN) provider uniquely focused on improving over-the-top (OTT) streaming video quality at the network edge, secures $10million in series A round equity funding from Yaletown Partners, InBC Investment Corp, and Crédit Mutuel Equity.

With the Series A funding, led by Yaletown, a leading Canadian venture capital fund, it will further expand its edge CDN (eCDN) footprint into international markets, including Europe and South America, as well as airlines and other travel markets.

It currently delivers tier 1 streaming video-on-demand (VOD) and live media across its footprint in Canada, the United States, and the United Kingdom, enabling at scale delivery of content and providing an exceptional viewing experience to consumers.

Read also – CA-based AiDash Secures $58.5Million in Series C Round Funding- FUNIDNG NEWS

This investment will further allow it to expand customer support, engineering, and operations to fulfill their global eCDN mission.

Siegfried Luft, Netskrt CEO and co-founder said, “This financing marks a significant milestone in Netskrt’s journey, affirming investor confidence in our vision, team, and opportunity for significant growth,The Netskrt eCDN uniquely enables streaming subscribers to view content at the highest quality, in locations ranging from the urban, rural, or remote neighbourhoods, to 30,000 feet in the air.”

Brad Johns, Partner, Yaletown said, “By offering an intelligent CDN solution for the edge of the network, we believe the Netskrt team is ideally positioned to realize significant opportunities in their mission to enable content owners to offer a high-quality viewing experience for their subscribers,”.

Leah Nguyen, Chief Investment Officer, InBC Investment Corp said, “Netskrt’s innovations are addressing a large market demand and will benefit Canadians — and subscribers worldwide, particularly those living in remote and rural communities who are underserved by existing technology, InBC’s investment in Netskrt will improve content delivery and access to services for more people and aligns with our objective to innovate for the future.”

About Netskrt

Netskrt Systems radically improves the ability for OTT providers to deliver a higher quality viewing experience to all of their subscribers, wherever they are, while improving efficiency for the networks delivering the content. It’s eCDN solution is particularly well suited to live streaming of major sporting events and popular VOD content.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular