Netskrt Systems Raises CAD$10M in Series A Funding

Netskrt

Netskrt Systems, a Vancouver, BC-based content delivery network (CDN) provider focused on improving over-the-top (OTT) streaming video quality at the network edge, secured $10m CAD Series A equity financing.

Backers included Yaletown Partners (leader), InBC Investment Corp, and Credit Mutual Equity.

The company intends to use the funds to further expand its edge CDN (eCDN) presence into international markets, including Europe and South America, as well as airlines and other travel markets.

Led by Siegfried Luft, CEO and co-founder, Netskrt currently delivers tier 1 streaming video on demand (VOD) and live media across its footprint in Canada, the United States, and the United Kingdom, enabling at scale delivery of content. This investment will further allow Netskrt to expand customer support, engineering, and operations to fulfill their global eCDN mission.

FinSMEs

01/05/2024