Subject: FNC
MainStreaming Secures $6 Million Funding, Led by Indaco Ventures, to Revolutionize Broadcasting and Online Gaming
MILAN, May 15, 2019 /PRNewswire/ -- MainStreaming, the technology provider enabling broadcasters, media and enterprise companies to deliver the best online streaming experience globally, has announced it has secured $6 million in a new round of funding, bringing its total raised to over $10 million. This round was led by Indaco Venture Partners SGR, together with Sony Innovation Fund and existing investor, United Ventures.
MainStreaming will use the funds to enhance its position in its two core markets, broadcast and online gaming, and enable its customers to meet the ever-growing demand for streaming and seamless gaming interactivity over the internet.
Its proprietary and disruptive technology enables broadcasters to stream live and on-demand and compete with major providers, such as Netflix, Amazon Prime Video, and Hulu. MainStreaming's solution has already been deployed with leading broadcasters, including Sky Italia, which uses the service to stream premium live, linear and on-demand content, enabling it to offer consumers access to their favorite content over broadband connections.
MainStreaming will also be using the investment to support its expansion into one of the fastest growing industries, cloud-based gaming. Its unique HyperNode solution, guarantees online providers and console developers a cutting-edge service, ensuring their customers a high-quality gaming experience.
Indaco Venture Partners the lead investor in this funding round, aims to help MainStreaming focus its efforts on expanding in international markets.
Alvise Bonivento, co-founder & Investment Director of Indaco Venture Partners said, "We are excited by the technology and the team at MainStreaming. Our goal is to provide the tools it needs to compete at an international level, leading the disruption and digital transformation of traditional markets."
Sony's participation through its venture capital arm in this funding round, represents its first investment in an Italian company. The distribution of content with high-reliability and no quality loss is pivotal to offering the best experience to its customer base. The trust placed in MainStreaming with this investment will help accelerate the way gaming and video are delivered to consumers.
"We're excited to join the MainStreaming family, and we have great confidence in the MainStreaming team and technology," said Gen Tsuchikawa, Chief Investment Officer of Sony Innovation Fund. "It was the obvious choice in a world where consumer expectations around video quality and interactivity are of critical importance."
"The online video industry is facing increasing pressure from customers, with broadcasters and online gaming providers facing particular challenges to ensure a consistent, high quality of service, particularly in live environments," said Antonio Corrado, CEO at MainStreaming. "With our technology specifically built for today's streaming environment, MainStreaming is perfectly situated to offer broadcasters and online gaming providers the tools to deliver the highest quality of experience to their customers around the world. This latest investment will enable us to reinforce our position in the market and expand our reach across two priority regions, Europe and the United States."
About MainStreaming
MainStreaming® enables broadcasters, media and enterprise companies to stream video with the best Quality of Experience to their audience, globally.
With our innovative solution, we deliver live and on-demand video, integrating all operative phases for ingest, encoding, management and distribution.
SOURCE Sony; MainStreaming
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