WASHINGTON, Dec. 19, 2019 /PRNewswire/ -- Sprockit, the global marketplace connecting the world's top market-proven startups and Fortune 500 companies in media, entertainment and technology, today announced seven of its startups were acquired in 2019. The news caps a milestone year in which Sprockit announced its startups collectively raised more than $1 billion USD in funding since its inception in 2013, including $500 million after joining Sprockit.
"As we look back on 2019, I cannot help but smile at the growth and success of our partners, especially the seven newly acquired Sprockit startups," said Harry M. Glazer, founder and CEO. "Hitting the $1 billion USD milestone in less than six years, more than half of which was raised by the startups after joining Sprockit, demonstrates the success of the marketplace and the strength of our community."
The seven startups acquired in 2019 representing a blend of media, entertainment and technology include:
- Airship acquired 2018 alum Apptimize for stronger A/B testing for its customers.
- CenturyLink acquired 2017 alum Streamroot to improve video and static content delivery within bandwidth constrained areas.
- Cheetah Digital acquired 2014 alum Wayin to strengthen its zero- and first-party data collection and activation.
- Dura Software acquired 2019 alum 6Connex to enhance its portfolio and virtual events offerings.
- LiveRamp acquired 2018 alum DataPlusMath in a cash and stock deal valued at $150 million, providing customers with DataPlusMath's comprehensive measurement tools.
- LTN Global acquired 2019 alum Crystal to automate the monitoring, control, and metadata management of end-to-end broadcast and digital media operations.
- Xilinx acquired 2017 alum NGCodec to enhance real time video streaming quality and reduce the required bandwidth, resulting in a "5x return for our investors and a great home for all of the team," according to NGCodec CEO Oliver Gunasekara.
Additionally, Sprockit expanded its offerings through new partnerships, collaborations and programs in 2019:
Looking ahead, Sprockit anticipates an exciting year. Highlights include:
Sprockit is currently accepting applications and referrals to vet participants in its 2020 startup class. Selected startups showcase in the Sprockit Pavilion at NAB Show, participate in Sprockit Sync private forums and attain exclusive access to Sprockit's private virtual community, among other benefits. To learn more, email [email protected].
About Sprockit
Sprockit is the global marketplace connecting the world's top market-proven startups and Fortune 500 companies in media, entertainment and technology to bring innovative products, services and revenue models to market. Since its launch in 2013, more than 150 emerging companies have participated in Sprockit, raising more than $1 billion USD and completing hundreds of partnerships and acquisitions. Corporate partners represent Comcast, FOX, Google, Hearst, Samsung NEXT, Univision, Verizon, among others. For more information, visit www.sprockit.com.
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SOURCE Sprockit
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