Bitmovin, a San Francisco, CA-based provider of online video infrastructure software, raised $30m in Series B funding.
The round, which brings total investment raised to date to $43m, was led by Highland Europe with participation from existing investors Atomico, Constantia New Business, Dawn Capital and YCombinator.
The company intends to use the funds to expand its global customer base of TV streaming providers, internet companies and social media companies, and to scale its product R&D, field engineering and sales teams worldwide.
Led by Stefan Lederer, CEO and co-founder, Bitmovin provides video infrastructure for online media companies around the world to solve complex video problems arising from the exponential growth in online video consumption through video compression, playback and analytics APIs.
Customers include Sling, Periscope, The New York Times, ProSiebenSat.1, Red Bull Media House, FuboTV, RTL and iflix