Belgium video technology startup THEO Technologies has announced that it raised $10 million (approx €9.3 million) in a Series A funding round led by SmartFin Capital with participation from PMV and Media Invest Vlaanderen (MIV).
Facilitates perfect video experience!
The online video industry is evolving at a rate of knots. The need for each aspect of the video chain to interwork seamlessly together is becoming a fundamental requirement in delivering a premium video experience.
Founded in Leuven (Belgium) in 2012, THEO Technologies’ mission is to facilitate the perfect video experience on any platform or device, at any time and everywhere.
Aims to empower publishers!
With this platform, the Belgian company wants to empower publishers, video publishers, telcos, and broadcasters to monetise their content and deliver cutting edge video experiences to their audiences.
The company’s Universal Player Solution provides media companies with a single player across all major connected devices and platforms – browsers, mobile devices, smart TVs, set-top-boxes, and other connected devices.
THEO Technologies works with some famous clients including Telenet, CNN, Swisscom, Telegraaf Media Groep, NBC, VRT, Ericsson, Cisco, France Télévisions, Telia, European Parliament, NASDAQ, Softbank among many others.
On top of that, THEOplayer is pre-integrated with leading solution components across the video ecosystem, including streaming, analytics, DRM, and content monetisation to remove the complexity of service development and integration.
Steven Tielemans, Founder CEO of THEO Technologies:
The online video industry is evolving at a rate of knots. More and more big online video services are being launched these days. However, all these video services have the same challenge: people are more demanding today than ever before. Whatever device they use or whatever location they are, viewers expect the same high-quality video experience with online video delivery as with traditional cable television. As a company, we empower these video services to offer high-quality experiences to their viewers. The cooperation with SmartFin Capital, PMV, and MIV enables THEO to expand our market reach further, grow the team, and bring unparalleled innovation to media companies around the globe.
Pieter-Jan Speelmans, CTO of THEO Technologies:
Over the last years, we have been recognized in the industry as an innovative technological frontrunner. THEOplayer is being used today by leading media companies around the globe. Innovation and continuously challenging the status quo is in the heart and DNA of THEO. As a company, we are on a mission to make the technology for online video better than broadcast. Our experts will continue to expand and improve our suite of solutions to empower video services to offer the best possible quality of experience for all screen sizes and network conditions to their audiences. Media companies that work with our solutions know they get a partner on board that will make a difference for them in the long run.
THEO Technologies has offices in Leuven (Belgium), Singapore (Singapore), New York, and San Francisco (USA).
Thomas Depuydt, managing partner at SmartFin Capital:
Smartfin is excited to back this ambitious team and help it translate its product leadership into market leadership. Video is growing exponentially, and THEO plays a vital role in solving the technical challenges and providing a superior viewer experience.
Main image credits: THEO Technologies
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