Press release, New York and Paris, December 15, 2016
Streamroot, the leader in hybrid over-the-top (OTT) video delivery, announces strong growth in 2016, driven by deals with high-profile video platforms and significant industry recognition from Cisco.
In 2016, peer-accelerated content delivery emerged as a long-awaited solution to the online video industry's greatest challenge: the explosion of video traffic. At the helm of this movement, the French-American startup Streamroot forged a leading position in hybrid video delivery.
In November, the company drew strong industry support from Cisco, taking home a $150,000 first prize from among 5,000 entries at the annual Grand Innovation Challenge. A testament to a shared vision of the future of online video delivery, this award opens up the companies to extensive partnership opportunities.
Streamroot also gained extraordinary traction among broadcasters in 2016, exemplified in a deal to implement its solution on one of the largest video hosting platforms in the world, Dailymotion. This comes alongside contracts with media and entertainment companies of all sizes including Eurosport, the pan-European live sports network.
Today, Streamroot powers over one million unique video sessions every single day. Its reach has extended across the globe, with viewers in every region of the world and with particularly strong performances in areas where CDN presence is weak. To support a growing customer base and be closer to the North America and LATAM markets, Streamroot opened an office in New York and expanded both its sales and development team.
In line with its strategic vision, the company also ensured compatibility with the world's most trusted commercial and open-source video players such as Brightcove, JW Player, hls.js and videoJS. Today, Streamroot’s solution benefits from wide market coverage, with plug-and-play integration across the web and HTML5 video ecosystem.
“2016 has seen milestone after milestone for Streamroot,” says Co-Founder and CEO Pierre-Louis Theron. “This year our patented technology has proven to the world its unparalleled ability to rise to the challenges of large-scale OTT delivery.”
Backed by the sector's market and technology leaders and strengthened by a clear vision of the future of video delivery, Streamroot is poised to climb to new heights in 2017. To further expand its market reach, cross-device compatibility is a major focus for 2017, with mobile SDKs already in beta. “We are ready to take the market by storm in 2017, and continue proving that peer-accelerated delivery is the key to delivering high-quality video at scale,” Theron adds.
Streamroot is a leading provider of innovative OTT video optimization technologies for content publishers, network service providers and enterprise customers. Its robust, reliable and lightweight stream acceleration solutions offer improved quality of service, global reach and unique fixed-fee economics. They are based on open standards such as WebRTC, Media Source Extensions and HTML5, and are widely adopted by broadcasters around the world. Founded in 2013 in France, the company today benefits from VC funding and serves premier media groups from its Paris and New York offices.
For more information, please visit www.streamroot.io.