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."
"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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