NGCodec, a Sunnyvale, CA-based cloud video processing company, closed an $8M Series A funding.
The round, which brought the total raised to date to $15.9m, included Belmore Capital, Xilinx and the National Science Foundation.
Led by Oliver Gunasekara, CEO and Co-Founder, and Pavel Novotny, CTO and VP of Algorithms, NGCodec creates algorithms, silicon logic and FPGA implementations for cloud video processing, powering the next generation of real-time media experiences. The company also announced the availability of broadcast quality H.265/HEVC for real-time streaming in the Amazon AWS Marketplace and ultra low latency H.265/HEVC for interactive virtual reality (VR) and mixed reality (MR).
NGCodec intends to use the funds to accelerate technology development.