Zype, a NYC-based cloud video distribution service for over-the-top (OTT), raised $4.9M in Series A funding.
The round was led by Runa Capital with participation from Revel Partners, Point Nine Capital, Alpine Meridian Ventures, and Entrepreneurs Investment Fund.
The company intends to use the funds to accelerate product roadmap and sales and marketing initiatives.
Led by co-founder and CEO Ed Laczynski, Zype provides a cloud based distribution service for video content which enables video businesses to build, manage and grow their own streaming services, on their own terms.
Zype, which serves video publishers across niche sports, entertainment, educational, lifestyle and children’s programming, plans to accelerate its technology development with tools that continue to enable content owners to make money from their video content via paywalls and ad integrations as well as provide their audience with an enterprise-level streaming experience across the web, mobile, and connected TV devices for both live and on-demand formats.
The company recently launched Zype University, an online learning center and education program designed to allow content creators and owners to achieve measurable results through marketing strategies, tactical guidance and best practices.