Mux Declares $37 Million Sequence C to Develop Video Streaming Know-how
Mux Declares $37 Million Sequence C Led by Andreessen Horowitz
SAN FRANCISCO, Aug. 10, 2020 (GLOBE NEWSWIRE) — Mux, the main video platform for builders, immediately introduced the shut of $37 million in Sequence C development financing led by Andreessen Horowitz with participation from Cobalt and Accel. Mux will use the capital infusion to broaden product, gross sales, and advertising groups to assist extra of the world’s main firms ship the perfect on-line video streaming experiences.
Mux does for video what Stripe does for funds – take the complexity out of a sophisticated technical course of. Mux does this by offering an API that permits any sized growth staff to construct top quality stay and on-demand video experiences throughout all kinds of units and connections. As a substitute of hiring a number of, specialised builders to unravel the various hurdles of streaming video, Mux makes it straightforward for present groups to host, stream, and optimize the efficiency of movies.
That is an particularly vital time for on-line video. SoulCycle, Equinox, Robinhood, VSCO, Hopin and different firms make the most of Mux to ship content material, which has been particularly advantageous as streaming video consumption has skyrocketed during the last 6 months. In line with Mux, social media prospects noticed a rise of 118% in video streaming since mid-February whereas health and well being streaming surged by 162%, e-learning grew by 230% and non secular streams jumped almost three orders of magnitude.
“Online video is one of the things that helps the world during a pandemic. Video helps people stay connected, stay fit, and stay sane. Mux is able to power yoga classes, concerts, homeschooling curriculum, breaking news, graduation ceremonies, and more,” stated Mux CEO and Founder, Jon Dahl. “Online video was already growing quickly before 2020, but now more companies have been forced to reinvent the way they deliver their products, and we’re excited to be at the center of this growth.”
“Mux is the clear chief within the video API house and we’re excited to companion with this formidable staff as they proceed to energy the very best high quality video streaming,” stated Kristina Shen, Normal Accomplice at Andreessen Horowitz. “We consider video is the way forward for how we’ll eat and work together with each individuals and content material, and this macro shift of COVID-19 has solely accelerated this pattern.”
Mux permits firms to leverage a straightforward to make use of, developer-friendly API to ship Netflix-quality movies and stay streams which can be playable for viewers throughout bandwidth speeds, display screen sizes and gadget capabilities. That signifies that firms that historically haven’t been constructed for streaming can simply construct their very own distinctive, enterprise-grade video expertise and shift to a streaming enterprise mannequin with ease. Because the world quarantines, the sudden enhance in streaming has pressured many firms and industries to adapt and Mux is the main instrument to assist them do exactly that.
Mux is a video platform for builders that takes the complexity out of stay and on-demand video. A whole lot of publishers together with Robinhood, PBS, ViacomCBS, Equinox Media, and VSCO depend on Mux to ship the very best high quality video expertise to their customers with out having to rent a staff of embedded video specialists. San Francisco-based Mux was based in 2015 by specialists in on-line video, together with the creators of the largest open-source video participant on the net (Video.js), the most important transcoding service within the cloud (Zencoder), and the premier convention for video engineers (Demuxed). For extra data go to www.mux.com or observe @MuxHQ.
About Andreessen Horowitz
Andreessen Horowitz backs daring entrepreneurs who transfer quick, assume massive, and are dedicated to constructing the subsequent main franchises in know-how. Based by Marc Andreessen and Ben Horowitz, the agency offers entrepreneurs with entry to experience and insights in innovation, government and technical expertise, market intelligence, enterprise growth, and advertising and brand-building. Discover us in Menlo Park, Calif., and at www.a16z.com.
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