Genvid closes $27m Series B round

first_imgGenvid closes $27m Series B roundInteractive streaming tech firm has also opened new offices in Berlin and CaliforniaMatthew HandrahanEditor-in-ChiefThursday 28th November 2019Share this article Recommend Tweet ShareStreaming tech startup Genvid Technologies has raised $27 million in a Series B funding round.The New York-based VC Galaxy Interactive led the round, which featured contributions from all of Genvid’s existing investors — March Capital Partners, OCA Ventures, Makers Fund, and Horizons Ventures — and saw new investments from Valor Equity Partners and K5 Global.The funding will be used to develop new features for Genvid’s streaming SDK, and provide services like live operations, integration and web development for its developer partners. It will also allow the company to expand beyond video games and into media and sports.”We are already the standard toolkit for developers looking to bring rich, two-way, realtime interactivity to their games and broadcast,” said Genvid CEO Jacob Navok in a statement.”Our core tools will continue to improve as new features are added to take advantage of 5G, growth in interactive television, and to support the many new digital media formats being created by independent developers in partnership with Genvid.”Genvid’s technology is sold on the interactivity it allows with streaming. It was used in the recent Counter-Strike: Global Offensive finals on Twitch. Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games The company has opened two more offices — in Berlin, Germany and Irvine, California — taking its global total to six premises across the US, Germany, Canada and Japan. It has more than 50 employees.With the Series B round closed, Genvid is adding two new advisers to its team: Matthew Ball, who used to be head of strategy at Amazon Studios, and Anna Sweet, who worked on Steam at Valve and led content strategy at Oculus.Genvid raised $6 million in a Series A round in April, 2018.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesActivision no longer working with Call of Duty actor after hateful sexist commentsA video resurfaced on social media showing Jeff Leach making offensive, sexual and threatening remarks targeting women By Marie Dealessandri YesterdayHow Women in Gaming survived its publisher’s demiseMeagan Marie explains how Crystal Dynamics stepped in after Prima Games, the original publisher of her book, shut down right after launchBy Brendan Sinclair 4 days agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more

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