The video-optimisation software provider's series B round was led by CAA-backed Evolution Media while Accel and Y combinator also invested.

Evolution Media, a joint venture between talent agency CAA and private equity firm TPG, led a $20m series B round for US-based video optimisation technology developer Mux on Wednesday.

Venture capital firm Accel and accelerator Y Combinator also participated in the round, which boosted the company’s overall funding to about $32m.

Founded in 2015, Mux has created a software platform that helps video content owners improve the viewing quality of content streamed online through web, smartphone and over-the-top television services.

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