
Droplet Technology
An all-software mobile multimedia platform that meets image quality, power consumption and cost objectives.
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Droplet Technology Inc., founded in 2000, operated as a developer of an all-software mobile multimedia platform. The company's strategic focus was on licensing its platform to providers of mobile multimedia services and handset manufacturers. The core of its business was to address the market's need for high-quality image and video processing on next-generation portable devices while managing power consumption and cost.
The company's business model was centered on partnerships with communications service providers and internet portals, aiming to capitalize on the growing use of video applications on the internet and mobile devices. Droplet Technology's main offering was an all-software video service suite. This suite was built upon patented innovations in low-complexity video processing, which removed the dependency on specialized hardware for video-related tasks. This approach enabled higher-quality video capture, playback, editing, and sharing on a broader array of lower-cost devices than was otherwise commercially possible.
The company's intellectual property portfolio includes patents for methods such as chroma temporal rate reduction, compression rate control with variable subband processing, and multiple technique entropy coding, which were granted between 2004 and 2010. Droplet Technology secured Series A funding of $3.5M in October 2006, followed by a Series B round in January 2010. The company was ultimately acquired by Vivox on March 20, 2012, marking its exit from the market as an independent entity.
Keywords: mobile multimedia platform, all-software video, video processing, video compression, mobile video services, communications service providers, low-complexity video, video capture, video playback, video editing, video sharing, handset manufacturers, Trilogy Equity Partners, Vivox acquisition, operating systems software, multimedia licensing