Bordeaux-based api.video, a platform that helps build in-app video with a few lines of code, announced that it has raised approximately €11.37M in a Series A round of funding.
The round was led by MMC Ventures, with participation from Open Ocean, Blossom Capital, and Financiere Saint James.
According to api.video, video is the most engaging and authentic digital format. High-speed networks and the commoditization of video output have accelerated.
Businesses globally are trying to harness the potential of video-driven content for all product builders, especially those where the video is not a major element of their operations.
To do this, they must rely on a variety of third-party services or construct costly and time-consuming systems from the ground up using in-house teams.
This is where api.video steps in. Founded in 2019 by Cedric Montet, the cloud-based platform claims to remove time, cost, and complexity barriers, and provide a customized end-to-end solution, driven by a single API.
Due to this, its clients, like Bauer Media Group, Stoner Cats, and BNP Paribas, can quickly integrate strong, dependable, and high-quality video services within minutes.
To handle diverse, specialized video operations, such as uploading and transcoding, developers no longer need to maintain several APIs, thanks to api.video.
With the additional funding, api.video says it will further expand throughout Europe as part of its goal to create a worldwide EDGE infrastructure that prioritizes video. It will expand the api.video team globally by hiring fresh talent.
The funding will also go toward the introduction of additional features to serve more significant projects with specific needs such as advanced data and security.
Read more on Tech Gist Africa:
France-based travel platform Evaneos raise €20M
Le Collectionist, Paris-based Airbnb for the one per cent, raises €60M
Paris-based Fairmat raises €34M in a Series A round of funding
