Bitmovin, a spin-out of Klagenfurt University, has raised an undisclosed seven figure investment from Austria-based public and private investors.
Early-stage fund SpeedInvest and Constantia Industries, whose core markets span several industries from furniture to solar energy, have each made equity investments. Public agencies joining the round are Austria Wirtschaftsservice Gesellschaft, a federal development bank, and Kärntner Wirtschaftsförderungs Fonds, a regional investment fund.
Bitmovin’s technology offers transcoding-as-a-service, that is, the encoding of video files in the cloud. Any movie that is…
