Restream, an Austin, Texas-based multiplatform live streaming solution, raised $50m in Series A financing.
The round was led by Sapphire Ventures and Insight Partners. In conjunction with the funding, Paul Levine, Managing Director at Sapphire Ventures, and Teddie Wardi, Managing Director at Insight Partners, will join Restream’s board of directors.
The company will use the new capital to expand its product offerings and continue to grow its global presence.
Led by Alex Khuda, co-founder and CEO, Restream Studio enables businesses to broadcast live content from the cloud to millions of viewers across more than 30 social platforms, including Facebook, LinkedIn, Twitch, Twitter, and YouTube. Creators are able to brand content by adding overlays, logos and watermarks, as well as use Restream Chat and Analytics to engage with their community in real time.
In addition to the funding, Restream is launching Restream Studio, a broadcasting production center that makes live streaming across social platforms as easy as hosting a Zoom call.
Restream has a community of more than 2 million live streamers broadcasting an average of 8 million live streams per month. Customers actively using it include Dr. Phil, Deepak Chopra, Microsoft, Redhat, SalesForce, Ubisoft, the World Health Organization (WHO), and more.
The company also has a tech and product team in Kyiv, Ukraine.