Highland Europe has led a series B round for Bitmovin, which has developed technology to encode videos for streaming and is based on research at University of Klagenfurt.
Bitmovin, an Austria-based video technology spinout from University of Klagenfurt, has raised $30m in a series B round led by Highland Europe.
Atomico, Constantia New Business, Dawn Capital and Y Combinator also supported the round.
Founded in 2013, Bitmovin has developed technology to encode videos in the cloud, known as adaptive streaming. The technology makes it possible for a device to receive the highest quality available for the current bandwidth, guaranteeing a constant stream and avoiding buffering.
Stefan Lederer, Christopher…
