Oversi, a Petach Tikva, Israel-based provider of OTT (Over-The-Top) Internet Video and P2P caching solutions, has completed a $4.9m financing round.
Investors include Carmel Ventures, Cisco(R), smac partners and StageOne Ventures.
The new funds will allow the company to expand in new markets. Its systems currently are deployed in service provider sites around the world. Oversi has offices and representatives in EMEA, the US, Asia-Pacific and Latin America.
The company offers a multi-service platform for accelerating delivery of OTT (over-the-top) content, including Internet video, peer-to-peer (P2P) and other media applications. Its solutions enable service providers to cope with the huge traffic load on their networks while significantly improving subscribers’ QoE (quality of experience).
Explaining the reasons behind the investment, by Avi Zeevi, General Partner of Carmel Ventures, highlighted the meaning of the company’s solutions: “OTT Video has become an important aspect of network quality and an opportunity for monetization. “With the exponential growth of video traffic, operators are being forced to invest in network upgrades to meet customer demand.
“Mobile operators are searching for delivery optimization, while Telcos are already combining OTT and managed content (VoD and IPTV) into one competitive offering”.