Financing for explosive growth: US$8.5M in funding fuels expansion for Make.TV's Live Video CloudJune 29 2017
Today, we are happy to announce that Make.TV secured an initial US $8.5 million in funding from leading venture capital firms Voyager Capital, Microsoft Ventures and Vulcan Capital, along with key European media investors and media-focused angels.
As part of the funding, Make.TV welcomes Erik Benson, General Partner at Voyager Capital and Bruce Chizen, former CEO of Adobe Systems in the company’s board. Jonathan Wilner, former VP of Product & Strategy at Telstra’s Ooyala, joins as Chief Marketing Officer. We are proud to have seasoned media and technology leaders adding knowledge, experience and trust in our vision and team.
“Make.TV is driving a revolution in live video routing and curation,” stated Erik Benson, general partner, Voyager Capital. “It’s obvious that TV producers are in need of a far easier way to acquire, curate and distribute multiple sources of live video. What Make.TV has done is built an incredibly reliable and flexible platform that allows producers to do just that. Voyager is very excited to have another video market maker in its portfolio after its success with Elemental Technologies as a pioneer in video processing.”
“With today’s funding, Make.TV will rapidly accelerate its product development, marketing and sales efforts globally”, said Andreas Jacobi, CEO of Make.TV, “We are also excited that Erik, Bruce and Jonathan add additional seasoned media technology leadership to Make.TV and that Microsoft Ventures, Vulcan Capital and Arnold Ventures are helping us to capitalize on the outstanding market opportunity.”
Customers like ESL, BAMTech/MLB, Viacom, Machinima, FOX Sports Brasil, SRF and SWR validate cloud-based live video acquisition, production and distribution. It's clear that cable-less and flexible cloud video routing is becoming the new architecture of broadcasting while matching the quality and reliability of traditional broadcasting infrastructure.
“We will use this opportunity to extend the global infrastructure of our platform” said Joa Ebert, CTO, Make.TV. “Ensuring stability and reliability has always been our focus and we will invest further in our team to meet these goals.”
Make.TV is ready to be your new technology partner. With offices in Seattle, WA, USA and Cologne, Germany, we offer a SaaS platform ready to power your broadcast from anywhere to anywhere.