api.video, a Bordeaux, France-based API-first platform that enables developers to build, scale, and operate video in their apps and platforms, raised $12 million in Series A funding.
The round was led by MMC Ventures, with participation from Open Ocean, Blossom Capital, and Financiere Saint James.
With the additional funding, api.video will further its market penetration into Europe as part of its goal to create a global EDGE infrastructure that prioritizes video. It will expand the api.video team globally by hiring fresh talent.
The funds will go toward the introduction of new features. api.video was created and built specifically to cater to larger projects with specialized requirements like advanced data and security.
The funding will also allow the API-first platform to concentrate on more environmentally friendly initiatives, enabling the company to lessen the negative effects of video and its extensive data storage requirements.
“We’re helping product builders join the video-first world. What is often thought of as a simple journey between ‘uploading’ and ‘click and play, in fact, involves a variety of complex steps in the back end. It is very inefficient for developers to build custom tooling in-house, especially when the video is not the core product offering of that organization. Today’s fast-moving teams are better off investing developer energy and focusing on their core value and relying on api.video to handle all the complex parts,” said Cédric Montet, CEO and founder, api.video.
api.video handles all of the complexities of video management through a simple and transparent API, allowing developers to create a customized video experience.
Company: api.video
Raised: $12.0M
Round: Series A
Funding Month: December 2022
Lead Investors: MMC Ventures
Additional Investors: Open Ocean, Blossom Capital, and Financiere Saint James
Company Website: https://api.video/
Software Category: Video API Platform
About the Company: Founded in 2019 by Cedric Montet, api.video is a global API-first platform for managing and delivering large-scale online video. The cloud-based platform of api.video eliminates these time, cost, and complexity barriers. Using a single API, it replaces the complex video workflow system with a custom end-to-end solution. This enables its clients, who include household names like Bauer Media Group, Stoner Cats, and BNP Paribas, to quickly integrate video services. As a result, developers no longer need to manage various APIs to handle various, specialized video processes, such as uploading and transcoding.. Its mission is to connect people through their cameras and deliver valuable insights from the video-first world.
Source: https://techfundingnews.com/api-video-secures-12m-to-transform-the-future-of-video-management/