BitGravity
Content delivery network optimized for on-demand video delivery and hd live streaming.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
BitGravity emerged in mid-2006 as a specialized operator in the content delivery network (CDN) sector, officially launching its services in 2008. The company was established by co-founders Perry Wu, who served as CEO, and Barrett Lyon, the CTO. Their combined expertise proved foundational to the firm's direction; Wu brought experience from the venture capital world, including a role as a partner at ComVentures, while Lyon was a recognized figure in network security, known for his work in mapping the internet and combating DDoS attacks. This blend of financial acumen and deep technical knowledge positioned BitGravity to address the burgeoning market for high-quality online video.
The firm's business was centered on providing a high-speed CDN optimized specifically for the demands of high-definition video on-demand and live streaming. BitGravity's services were designed to accelerate the delivery of media assets, enabling scalable, real-time video communications over the internet for its clients. The target clientele included media and internet companies, gaming platforms, and other organizations requiring robust online video and data distribution. The company's revenue was generated by offering its CDN solutions, which included products like BG Video Delivery for websites and applications, and BG Video Director for integrated video management. A key differentiator was its focus on delivering a superior, near-instantaneous viewing experience for end-users.
A significant milestone in BitGravity's trajectory occurred in 2008 when it entered a strategic alliance with Tata Communications. This partnership involved Tata Communications licensing BitGravity's CDN technology and making a substantial strategic investment of $11.5 million. This capital was part of the total $13.5 to $14 million that BitGravity raised from investors. The alliance enabled Tata Communications to launch its own global CDN and gain traction with prominent media and gaming companies. The collaboration culminated in January 2011, when Tata Communications announced a definitive agreement to acquire 100 percent of BitGravity, a transaction that was finalized in February 2011. Following the acquisition, BitGravity was integrated as a wholly-owned subsidiary, with Perry Wu continuing to lead the team to merge its technology with Tata's global infrastructure.
Keywords: content delivery network, video streaming, live streaming, CDN technology, media delivery, online video platform, Tata Communications acquisition, Perry Wu, Barrett Lyon, video on demand, digital media distribution, internet broadcasting, streaming media, CDN services, network optimization, high-definition video, web acceleration, content caching, media asset delivery, enterprise CDN