Bitmovin, a San Francisco, CA-based provider of video infrastructure for global digital media companies, raised $25m in Series C financing.
The round, which brought total funding raised to date to $68m, was led by Swisscom Ventures with participation from Climb Ventures, and existing investors Atomico, Highland Europe and Constantia New Business.
The company intends to use the funds for the continued expansion of its product innovation and technology leadership in the streaming space.
Led by Stefan Lederer, CEO and founder, Bitmovin is a provider of cloud-native video infrastructure for global digital media companies and service providers. The company’s software-defined encoding service runs on any cloud platform and offers scalable media encoding, playback, and analytics features. Bitmovin currently powers the world’s largest OTT online video providers, including discovery+, fuboTV, DAZN, BBC, RTL, RedBull Media House, Globo, ClassPass, The New York Times, and many more, with video developer tools that enable them to build leading online streaming experience.
The company has offices in Denver as well as internationally in Austria (Vienna, Klagenfurt), London, Berlin, Singapore, and São Paulo.