Canada-based video technology company Dejero has secured new financing to help accelerate product development and global expansion for its blended IP video delivery solution.
The company received CAD $32 million ($25 million) from Kayne Partners, the private equity arm of Kayne Anderson Capital Advisors, an investment firm managing assets including satellite company Intelsat. Intelsat is a strategic investor in Dejero and also the satellite provider for Dejero’s CellSat solution, which combines cellular connectivity from multiple mobile network providers with Ku-band IP satellite connectivity for mobile and remote video production and delivery.
“With this funding we see huge opportunities to deliver a broader range of blended connectivity solutions and services, not only to our traditional market of broadcast and media, but to other markets where reliable, flexible connectivity is just as vital,” said Bruce Anderson, CEO of Dejero, in a statement.
“We are impressed with Dejero’s rapid growth and worldwide success, which are clearly driven by its unique network blending technology that solves connectivity challenges in portable, in-vehicle and fixed location scenarios,” said Leon Chen, Managing Director at Kayne Partners, in a statement. “This investment will allow Dejero to bring its innovative thinking more quickly to market and further extend its position as market leader.”
Chen and Rob Shilton, both of Kayne Partners, will be joining the Dejero board of directors along with Michael DeMarco, Intelsat’s executive vice president of operations.
The investment comes a few months after Dejero and Intelsat revealed their new CellSat solution. The solution draws signals from multiple wireless networks as well as Intelsat’s Ku band satellites to offer bandwidth options for broadcasters in case of network congestion.
At the remote, Dejero’s encoder sits between the cameras and the IP modem, the satellite terminal and the vehicle’s antennas. The Dejero receiver sits back at the receive location.