Sherpa, a Redwood City, Calif.-based provider of live and on-demand streaming video solutions to large enterprises, completed a $5.5m Series A financing.
The round was led by Benhamou Global Ventures (BGV), with participation from Rally Ventures, and existing investors. In conjunction with the funding, BGV’s Partner Marina Levinson and Rally Ventures’ General Partner Charles Beeler will join Sherpa’s board of directors.
Led by K.C. Watson, CEO and co-founder, Sherpa provides global companies with an API-based video management and analytics platform for critical communication for customers, partner ecosystems, and employees. It integrates with existing business systems to enable in-context video across all corporate functions, while centralizing usage data and video intelligence.
The data-driven platform securely manages, measures and automates all streaming video touch points with customers, partners, and employees.
The funding follows a 2017 in which the company reached meaningful milestones including:
In January, Sherpa began native platform support of VR/AR/360° video with initial customer pilots have included programs for partner training, retail/dealership communication, and employee town halls.
In April, the company completed its acquisition of the VideoVerge platform business from Ramp Holdings, which allows Sherpa customers to integrate live and on demand video workflows into their Microsoft 365 and SharePoint productivity suites.
Finally, in July, the company Sherpa debuted its live social syndication dashboard on a live, external broadcast by a longstanding entertainment segment customer. By adding the new capability to its existing Sherpa platform, this Fortune 100 company was able to syndicate, control, and analyze the experience of over 300,000 live viewers across 12 distribution channels, including YouTube, Twitch, and internal web properties.
This module is now available for all Sherpa platform customers.