Canada-headquartered video streaming technology provider Haivision has purchased Teltoo, a US-based peer backed by telecommunications firms Liberty Global and Telefónica, for an undisclosed amount, it revealed yesterday.
Teltoo has developed a video analytics system that helps users deliver high-definition online video streaming, while cutting down on issues caused by network congestion.
The platform will be merged with Haivision’s artificial intelligence and machine learning-equipped content delivery network technology to enhance its streaming capabilities.
The company was part of Virgin Media & Techstars, a UK-based accelerator sponsored by Liberty Global’s Virgin Media subsidiary, in 2016, and its early investors include FirstMile Ventures, Startup Next, Stout Street Capital and Tetuan Valley.
The company collected an undisclosed amount of funding from Liberty Global Ventures, the corporate venturing arm of Liberty Global, in 2018, before receiving undisclosed amounts from Telefónica’s Wayra accelerator and UpRamp, research and development initiative CableLabs’ cable entrepreneurship support scheme, the same year.
