PhenixP2P Inc., a Chicago, IL-based provider of real-time video streaming solutions, closed a $3.5m Series A funding.
The round was led by KB Partners. In conjunction with the funding, Keith Bank, Managing Partner of KB Partners, joined Phenix’ board.
The company, which has raised over $5.5m in total funding to date, intends to use the funds for the continued development of its proprietary real-time video streaming platform, and accelerate sales and marketing efforts.
Founded in 2013 and led by Chief Executive Officer Stefan Birrer and Chief Operating Officer Tripp Welge, Phenix provides the PCast™ platform which acts as a real-time video CDN (content delivery network), scaling to a virtually unlimited audience while maintaining less than 0.5 seconds of end-to-end latency. It provides a comprehensive real-time video streaming solution via SDKs and APIs.