iStreamPlanet, a Las Vegas-based provider of live Internet managed broadcast services, has received additional backing from Interxion Holding N.V. (NYSE: INXN) and Turner Broadcasting System, Inc.
The investments are part of the company’s Series A round led by Intel Capital (read here).
iStreamPlanet will use the funds to further expand its presence in Europe as well as accelerate product development.
Founded in 2000 and and led by CEO Mio Babic, iStreamPlanet develops and operates content creation, management, security, monetization and delivery products and services that bring media experiences to life across multiple screens by enabling content owners to create content once and deliver anywhere. This includes Over-the-Top (OTT) and TV Everywhere (TV-E) HD video delivery (live and on demand), content protection, management, monetization, rich media experiences, collaboration and analytics.
The company, which also has offices in Scottsdale, Arizona and London, UK, recently added Robin Cole as VP of Product and Services Marketing and Chris Carper as Sr. Vice President of Strategy and Business Development.