Swisscom’s corporate venturing arm has helped the video infrastructure technology developer boost its overall funding to $68m.
US-based video infrastructure technology provider Bitmovin attracted $25m on Tuesday in a series C round led by Swisscom Ventures, a corporate venturing unit for telecommunications firm Swisscom.
Venture capital firms Climb Ventures and Atomico also took part in the round, as did growth equity fund Highland Europe and Constantia New Business, an independent sister company of diversified conglomerate Constantia Industries.
Bitmovin provides cloud-based digital infrastructure that enables over-the-top media companies to encode their video content for video streaming services.
The…
