Founded in 2013 by three engineers from the Ecole Centrale Paris, and after passing through the accelerator NUMA (ex-Camping) and TechStars Boston, the startup Streamroot just announced having completed a fundraising of 2.5 million dollars. An operation conducted with Partech International, Bpifrance, Jean-David Blanc (including founder and Allociné Molotov.tv), Walnut Venture Associates and Cherrystone Angel Group.
Optimize the delivery of video streaming in an exploding market (currently 60% of global Internet traffic), such is the ambition of Streamroot, which has just completed a raised seed funds. But by 2018, video will represent 90% of global internet traffic. Network saturation, buffering and degradation of the video quality, the traditional players seem to be in decline and it is this car that wants to catch StreamRoot, to become the locomotive.
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This fundraiser is a new step for the young team that has eyes on its commercial development in Europe and the United States. Technology side, Streamroot will seek to refine its multi-devices strategy to consolidate its key point unique approach to online video distribution. Already, technological merits are recognized by the industry. "The video delivery optimization solution developed by Streamroot is a piece of the puzzle; they developed the industry-leading solution, while assembling a talented and visionary team, "explains Jeroen Wijering, creator and co-founder of JW Player, Streamroot following closely since its inception.
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