
IPTV start-up Edgeware receives funding from Creandum
Swedish Edgeware has announced the successful conclusion of a series A financing round with Creandum.
'The funding that we have received, in combination with the valuable knowledge and full backing of Creandum, enables us to complete development of our first line of products and enter the market. We will now be able to deliver on the tremendous interest in our technology that we have seen from a large number of service providers, who are hoping to extract new revenues from on-demand television services,' says founder and CEO Joachim Roos.
Edgeware has developed a video sever technology that solves the large challenge of scaling, which is called for by the introduction of interactive and personalized streaming to any significant customer base. The unique integration level of the products result in an unprecedented low cost per viewer in CAPEX terms, and its high reliability achieves a low OPEX, regardless where in the network the servers are deployed. The products are ideally suited for any service provider installation that involves interactive streaming of television quality content, including high definition television - HDTV.
'We are very excited to work with the Edgware team to provide the missing piece of the IPTV puzzle,' says Stefan Lindeberg of Creandum. 'Their world class and unique combination of network and digital video expertise, have resulted in a quantum leap product, in performance, cost per stream and several other important aspects,' he adds.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater