Juniper Networks has made a strategic investment in fellow US firm iStreamPlanet to help drive its work on live video streaming technologies, as part of a round of Series A funding led by Intel Capital.
iStreamPlanet plans to use the proceeds from its Series A financing to accelerate the development of its live video streaming solutions, including Aventus, a cloud-based, live video workflow platform designed to address the challenges of streaming live events and live linear channels online to multiple platforms and devices.
“Live streaming media is one of the most demanding networking and caching scenarios, and one of the fastest areas of growth and opportunity,” said Robert Krohn, vice president and general manager, Edge Software Business Unit, Juniper Networks.
“Keeping up with customer demand will require solutions with new levels of scalability and automation, and iStreamPlanet and Juniper Networks are now on a fast track to bring this type of solution to market.”
iStreamPlanet and Juniper Networks have previously worked together to deliver complex, live video workflows for major live events, including the 2012 London Games.
Other participants in iStreamPlanet’s funding round include Turner Broadcasting and Interxion.