Encoding startup Zencoder nabs $2M in funding round

Cloud-based video encoder startup Zencoder has landed $2 million in funding, which the company said will be used to accelerate Zencoder's growth and technology  development.

Participants in this round include Andreessen-Horowitz, Ignition Partners, SV Angel, Lowercase Capital, Founder's Collective, 500 Startups, and individuals. Zencoder was founded in 2010 with seed money from Y Combinator and top Silicon Valley-based angel investors.
"While demand for online video has continued to boom, traditional video encoding methods can't keep up with scalability challenges, or the ever-changing standards required to publish video on new devices," said Jon Dahl, Zencoder CEO and co-founder of the Minneapolis-based company.  "Zencoder's cloud-based platform offers customers future-proof encoding that is elastic and highly scalable, providing quick turnaround, outstanding video quality, and universally accessible video."
A supporter and contributor to open source software, Zencoder created the VideoJS HTML5 Video Player. Built with Javascript and CSS, VideoJS works on all major HTML5 platforms for both web and mobile and automatically reverts to Flash if HTML5 video is not supported. Zencoder's VideoJS HTML 5 video player is the most widely deployed open source HTML5 player available.
"Zencoder represents the qualities we believe are the future of cloud services: it's a focused solution from a strong team of domain experts, uses curated technologies to produce industry-best results, is available on-demand, can be integrated instantly, and is designed by and for developers," said investor James Lindenbaum, founder of Heroku.

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