AVIWEST has announced the completion of a series B fundraising round with an €8 million investment from Go Capital, Turenne Group, Sodero Gestion, UNEXO and Groupe Crédit Agricole.
The new investment will contribute to AVIWEST’s growth of services and strengthen its commercial presence in markets associated with live video production-contribution and IP connectivity.
Ronan Poullaouec, AVIWEST CTO, said: “New media are constantly emerging and live video coverage around the world is increasing, further building the case as to why bonded, unmanaged IP networks are a smart choice for delivering high-quality live event coverage.
“With the global rollout of 5G networks currently underway, broadcasters will see a lot of benefits in video contribution. Using our Emmy award-winning bonded, unmanaged IP network technology, which includes a best-in-class hardware encoding platform, professionals in the video business can address the growing demand for high-quality live video coverage of sports, breaking news and other events in the most affordable and bandwidth-efficient way, from anywhere in the world.”
Erwan Gasc, AVIWEST CEO, added: “Thanks to our new investment, we will continue to work hard to increase our presence in markets associated with IP connectivity and strengthen our business worldwide, especially in China and the US, which both represent an important part of our global market. It will also allow us to recruit around 50 new people over the coming months.”