Wednesday, January 25, 2012

Skyfire welcomes Verizon with $8m series C financing

Skyfire labs announced today that it has raised $8m in a series C financing event with Verizon Ventures, Matrix Partners, Trinity Ventures and Lightspeed Ventures. Verizon is a new strategic investor in the company who has raised $31m to date.


Jeff Glueck, president and CEO of Skyfire commented: “Skyfire’s Rocket Optimizer product is delivering an average of 60 percent savings for operators on video bandwidth. We welcome the participation of Verizon, which is renowned for its network planning sophistication.”


"Rocket Optimizer 2.0, the latest iteration of Skyfire’s powerful carrier-grade network video and data optimization platform, was launched in October 2011. With mobile video demand expected to rise steeply over the next three years, Rocket 2.0 aims to help carriers solve capacity issues linked to the rapid rise of mobile video streaming. The solution offers real-time optimization of mobile video to enable smoother streaming, and can be applied to specific cell towers or backhaul regions as soon as congestion is detected. Rocket Optimizer 2.0 also offers the broadest support for video formats, including the world’s first instant MP4 optimization (which comprises more than 50 percent of today’s mobile video, including most HTML5 and iOS video). By leveraging cloud computing power, Skyfire’s solution is highly cost effective to scale on both 3G and 4G LTE networks".


The company is planning to use the proceed of this round to expand international sales, after bagging two tier 1 carriers in North America, it is ready to expand to Europe and Asia and has already started to increase their sales efforts and teams in these regions.


Skyfire is the first company to promote cloud-based computing to resolve the video tide that is threatening to engulf mobile networks. This market space is seeing a lot of strategic activity (here and here) these days. No doubt more to come as we near Mobile World Congress. 

2 comments:

jalysak said...

Technology such as this and DASH are only band aids for what is to come with the wave of video on the internet between now and 2016!

H.264 came out and the world thought it would answer alot of problems, which it did... For a while!

The solution can't be analyzing peaks then working to optimize the bandwidth at the peaks. Why not have a solution that answers the whole issue and just lower the bandwidth all together?

Go to www.bwin.nu to see how we take a streaming video at 15Mbps and reduce it to 2.2Mbps and replay at 1080p. THis is done while reproducing a visually lossless stream.

Like I said, that is one expensive band aid! Remember, band aids fall off... Wonder how long this one will last?

Would love to hear any comments!

Jeff Glueck said...

Thanks Patrick for the write-up on Skyfire from all of us at Team Skyfire.

I am not familiar with this bwin.nu commenter and their website is strangely blank.

Not having much information, I'd just say Skyfire is the opposite of an "expensive bandaid," since our solution scales for years into the future, uses the latest cloud open standards hardware and architecture, and costs a fraction of the equivalent in RAN buildout, backhaul buildout, and spectrum acquisition. Savings over $150M for a Tier 1 operator in year one would be typical.

And we can do all this while preserving the integrity of the file in-file out format standards, whether h.264, mp4, flv, or DASH in the future.

Folks that propose alternate codecs and video containers run into the issue that when doing network optimization, if you change the format, you're almost certain to break the end-user session, and confuse the end device into dropping the stream. By contrast, Skyfire does not depend on getting millions of publishers or existing devices to change their processes and technology, nor add a client. We just allow the network owner to regain control of the user experience that is exploding away from their capacity to manage.

Jeff Glueck
CEO
Skyfire