Xilinx-backed NGCodec is a video compression software developer looking to facilitate cloud-based streaming on virtual reality headsets.
NGCodec, a US-based video coding software developer backed by semiconductor manufacturer Xilinx, completed its $8m series A round yesterday.
The round’s participants were not named, although Xilinx was identified as an NGCodec investor alongside venture capital firm Belmore Capital and state-owned research agency National Science Foundation.
NGCodec is developing high-powered video conversion technology that will facilitate broadcast-quality streaming from cloud-based servers.
The company is also working on a virtual reality (VR) coder that could eventually allow mobile phones to stream…
