Veodia Gets $8.3 Million
Live streaming startup Veodia has raised $8.3 million from angels, Clearstone Venture Partners, and the D.E. Shaw Group reports VentureBeat. The live video market is a crowded one these days, and the business model is even more clouded, but Veodia brings some cool technology to the mix.
“We invested in Veodia because we believe that video in the workplace is going to fundamentally change the way businesses interact with their customers, partners and employees,” said Anil Patel, principal with Clearstone Venture Partners in the release.
Veodia does a couple things differently. They own their data centers enabling them to deliver video at very low latency, they have some IP surrounding making archived content immediately available after a live event ends, and they are monetizing the service using a subscription model.
The company has focused on offering a low-cost business solution where live video is already being used or could be useful if made easy enough. There is a paying market for video delivery solutions and Veodia has positioned themselves well to take advantage of it. That said, we’re still early in the game.