Syncbak, a Cedar Rapids, IA-based company that replicates over-the-air broadcasts for delivery over-the-top (OTT) of the Internet, live and on-demand, received a $3m strategic equity investment from Gray Television, Inc., (NYSE: GTN and GTN.A).
In conjunction with the funding, Gray’s Chief Digital and Technology Officer, Jason Effinger, joined Syncbak’s Board of Directors.
Founded in 2009 by media technology entrepreneur Jack Perry, Syncbak powers OTT solutions, including CBS All Access, providing broadcasters with a platform for live stream transcoding, cloud-based rights resolution, cloud-based DVR, device filtering, geo-location services, content management, stream monitoring and dynamic ad insertion.
The company’s technology is currently deployed in more than 180 television stations across 150 markets, representing 51 broadcast groups and all major networks, including CBS, ABC, FOX, NBC and The CW.
Syncbak is also backed by CBS, the National Association of Broadcasters, and the Consumer Technology Association (formerly, the Consumer Electronics Association).
Atlanta, Georgia-based Gray Television is a television broadcast company that owns and operates television stations and digital assets in markets throughout the United States.