By Todd Spangler | April 20, 2021

Video infrastructure provider Bitmovin has raised $25 million in Series C financing, led by Swisscom Ventures, the venture arm of the Switzerland telco.

Others participating in the funding round were Climb Ventures and existing investors Atomico, Highland Europe and Constantia New Business. The announcement brings Bitmovin’s total funding to $68 million to date.

Customers of San Francisco-based Bitmovin include Discovery Plus, WarnerMedia, BBC, RTL, FuboTV, DAZN, RedBull Media House, ClassPass, the New York Times and Hong Kong’s PCCW. Overall, the company says, it has more than 400 customers worldwide, including 120 broadcasters and TV networks.

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