HomeDenmarkOctoshape Raises €4M from Nexit Ventures

Octoshape Raises €4M from Nexit Ventures

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Octoshape ApS , a Copenhagen, Denmark-based provider of large scale, internet and mobile video delivery, has raised €4m from Nexit Venture.
The company, which also operates offices in the US and Singapore, will use the funding to expand worldwide. 
Octoshape’s patented Infinite Edge(TM) technology allows broadcasters and content delivery networks (CDNs) to deliver HD quality video on both fixed and mobile networks. It makes it possible to serve a global audience without deploying costly hardware all over the globe near the users.
According to Michael Mandahl, General Partner at Nexit Ventures, “With its proven technology and worldclass customers, Octoshape is poised for explosive growth.
“Video and other rich media are going to be some of the key elements of the next generation mobile experience and Octoshape will be one of the key players in that game”, he added.
Customers include EBU – European Broadcasting Union, Turner Broadcasting System, Inc., CNN, PGA Tour, TVE, etc.
FinSMEs
10/06/2010