2 years ago
Livepeer, an Ethereum-based web that helps startups adhd unrecorded and on-demand video to their products, has raised $20 cardinal successful a Series B hold backing circular with backing from caller investors Alan Howard and Tiger Global, arsenic good arsenic information from existing investors.
The backing comes 5 months aft Livepeer’s archetypal Series B round, which besides raised $20 cardinal and was led by Digital Currency Group, which is the genitor institution of CoinDesk.
Howard co-founded Brevan Howard Asset Management, a European hedge money focused connected macro trading, but stepped down from his CEO relation successful 2019 to absorption connected his idiosyncratic investing. He has a nett worthy of $2.8 billion, according to Forbes.
The caller backing volition spell toward expanding the go-to-market and lawsuit basal utilizing the MistServer video bundle that Livepeer acquired past fall, Livepeer laminitis and CEO Doug Petkanics said successful an interrogation with CoinDesk.
MistServer is simply a flexible contented transportation exertion that helps developers physique connected a cost-effective infrastructure and standard streaming applications crossed a wide assortment of verticals, including entertainment, events and gaming.
Livepeer’s near-term roadmap includes plans for artificial intelligence-backed astute video and peer-to-peer contented delivery, arsenic good arsenic AI-enhanced contented moderation, opus detection and video fingerprinting.
Livepeer plans to marque MistServer wide disposable to video developers successful an unfastened root exemplary alternatively than the licence exemplary typically utilized successful the video industry.
The company’s aboriginal plans besides see migrating much of its protocol to a furniture 2 solution that would beryllium little costly for node operators and token holders.
“I deliberation this is going to beryllium the twelvemonth that Web 3 applications interaction millions of consumers. I’m excited for Livepeer to beryllium the video furniture that powers a batch of that,” said Petkanics.
CORRECTION (Jan. 5, 15:51 UTC): A erstwhile mentation of this communicative incorrectly stated that the magnitude raised successful Livepeer’s archetypal Series B circular was $28 million.
Brandy covers crypto-related task superior deals for CoinDesk.
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