Hive
Guarantees a double-digit increase in revenue.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
$1.6m | Series A | ||
| Total Funding | 000k | ||
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Hive, operating under the full name Hive Streaming, was established in 2007 by Johan Ljungberg and Patrik von Nice. The company originated from the founders' previous experiences at the Swedish national broadcaster, TV4, where they encountered firsthand the challenges of delivering high-quality live video to large corporate audiences. This background in broadcast television directly informed Hive's mission to solve the complexities of enterprise video distribution.
The firm offers a software-based solution designed to optimize video streaming for internal communications within large organizations. Its primary clients are Fortune 500 companies that need to broadcast live events, such as CEO town halls and all-hands meetings, to thousands of employees simultaneously without overwhelming their corporate networks. Hive operates in the enterprise video distribution market, a niche within the broader unified communications and collaboration sector. The business model is based on a subscription service (SaaS), where clients pay for access to the platform's capabilities.
The core of Hive's service is a peer-to-peer (P2P) networking technology. This system intelligently routes video streams within a company's own network, reducing the load on the external internet connection. Instead of each employee pulling a separate video stream from the source, the software allows employees' devices to share the stream with each other locally. This approach significantly minimizes bandwidth consumption and helps prevent network congestion, ensuring a smooth and high-quality viewing experience for all participants. The platform provides detailed analytics on stream performance and viewer engagement, offering valuable insights to internal communications and IT teams. In 2020, the company was acquired by the enterprise video platform, Kaltura.
Keywords: enterprise video, video streaming, P2P networking, internal communications, live events, video distribution, corporate streaming, bandwidth optimization, network analytics, video-on-demand
