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Bitmovin Banks $25 Million in Funding to Expand Video-Streaming Tool Set

New York Switzerland San Francisco Hong Kong BBC pandemic innovations Funding
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Todd Spangler NY Digital EditorVideo infrastructure provider Bitmovin has raised $25 million in Series C financing, led by Swisscom Ventures, the venture arm of the Switzerland telco.Others participating in the funding round were Climb Ventures and existing investors Atomico, Highland Europe and Constantia New Business.

The announcement brings Bitmovin’s total funding to $68 million to date.Customers of San Francisco-based Bitmovin include Discovery Plus, WarnerMedia, BBC, RTL, FuboTV, DAZN, RedBull Media House, ClassPass, the New York Times and Hong Kong’s PCCW.

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