Posted: 09.06.16
Bitmovin, an early player in video infrastructure for virtual reality online has secured $10.3 million in Series A venture capital funding. As in all emerging technology fields, venture capital funding is a key metric to understand how a new industry is taking shape. Bitmovin says the money will be used to accelerate the development of video playback for existing and new platforms, including 360-degree video for virtual reality (VR). Demand for virtual reality video is progressing rapidly. Read more at GraphicSpeak