Genvid Technologies Inc., a NYC-based developer of interactive streaming technologies for game developers, media companies and sports broadcasters, raised $27m in Series B funding.
The round was led by New York’s Galaxy Interactive, the division of Galaxy Digital, with participation from existing investors March Capital Partners, OCA Ventures, Makers Fund, and Horizons Ventures as well as new investors Valor Equity Partners and K5 Global. Sam Englebardt, head of Galaxy Interactive, will join Genvid’s board.
The company intends to use the funds to:
– accelerate its SDK feature development,
– build an end-to-end services platform for developers who need live operations, integration, web development for their interactive streams and
– expand its business development efforts beyond the game industry into media and sports.
Led by CEO Jacob Navok, Genvid provides an SDK that enables creators to build rich interactivity across multiple streaming platforms (Twitch, YouTube and more) on multiple infrastructures (AWS, Azure), and on multiple game engines (Unity, Unreal and proprietary engines).
The company’s technology has already been used in many ways- most recently, powering the latest Counter-Strike: Global Offensive finals on Twitch, and various 5G showcases for Japan’s NTT Docomo.
Genvid is also announcing the establishment of its European office in Berlin for business development and technical support, and its live operations office in Irvine, California to oversee infrastructure for clients.
The company has over 50 employees in six offices worldwide, including New York, Montreal, Santa Monica, Irvine, Berlin and Tokyo.