The most scalable and economical Internet video delivery platform available.
Nexit Ventures, a mobile venture capital firm focused on wireless technologies and services, announced a 4 MEUR investment in Octoshape, the leader in high-quality, large-scale, and cost-effective Internet and mobile media
delivery that allows crystal-clear real-time video experience on fixed and mobile networks.
Octoshape’s patented Infinite Edge(TM) technology lets users enjoy true HD-quality video regardless of their device or location. It has powered some of the largest live video events ever, including President Obama’s inauguration,
Michael Jackson’s funeral, Eurovision Song Contest and major sporting events such as 2010 Olympics, PGA and NBA.
Based in Copenhagen, Denmark, and with offices in the U.S. and Singapore, Octoshape offers broadcasters and content
delivery networks (CDNs) the most efficient and economical Internet video delivery available. Infinite Edge provides
better quality, scalability, and economy than any competing offering and is being used by major players worldwide.
The CEO and co-founder of Octoshape, Stephen Alstrup, says:
“Video is already a key part of the mobile experience and video traffic is expected to account for over 50 % of all
mobile data in the next few years. We are happy to have Nexit onboard as their mobile expertise and transatlantic
bridge will help us take a leadership role in mobile video delivery.”
Octoshape’s patented technology optimizes video delivery end-to-end and makes it possible to serve a global audience without deploying costly hardware all over the globe near the users.
Michael Mandahl, a General Partner of Nexit Ventures, comments: “With proven technology and world-class customers, Octoshape is poised for explosive growth. Video and other rich media are going to be key elements of the
next-generation mobile experience and Octoshape will be a key player in that game. I am looking forward to working
with Octoshape to make high-quality video truly mobile.”
Nexit Ventures invests in mobile and wireless high-growth companies, primarily in the Nordic countries and the U.S.
Nexit’s other portfolio companies include Aava Mobile, Axel Technologies, Brightkite, Conformiq, Ecrio, Ekahau,
Funambol, and Futuremark.
