Peer5, a San Francisco, CA and Tel Aviv, Israel-based content delivery network operator, secured $2.5m in seed funding.
Backers included FundersClub, Oriza Ventures, Tank Hill Ventures and Leorsa Group.
The company intends to use the funds to grow its engineering and sales teams.
Led by Hadar Weiss, co-founder and CEO, Peer5 operates a WebRTC-based peer-to-peer content delivery network (CDN) for massively-scaled video streaming. It augments traditional server-based CDN services by dynamically creating peer-to-peer mesh networks consisting of viewers who are streaming the same video and enabling these viewers to share video content with each other.
Broadcasters that are already using Peer5 include Dailymotion and Artear, the digital arm of Grupo Clarin, Argentina’s largest media conglomerate.