8 years ago
PhenixP2P Raises $3.5M to Scale Real-Time Video Streaming Platform
PhenixP2P, a real-time video streaming service that uses peer-to-peer connections, has raised $3.5 million in Series A funding led by KB Partners
The company's PCast platform aims to deliver low latency and high-quality video streaming for millions of concurrent viewers
The funding will be used for business development, product development, and hiring.
ProblemTechnology
"making real-time video streaming possible without significant delay and with the ability to scale to millions of concurrent viewers"
Solution
"the PCast platform uses peer-to-peer connections to solve bandwidth constraints and reduce latency, allowing real-time streaming of major events"