The Aryavarth Express
Agency (New Delhi): Netskrt Systems, a specialized Content Delivery Network (CDN) provider focused on elevating over-the-top (OTT) streaming video quality at the network edge, has successfully raised $10 million CAD in Series A equity financing. This funding round, led by Yaletown Partners and supported by InBC Investment Corp and Credit Mutual Equity, aims to extend Netskrt’s edge CDN (eCDN) services into new international territories, including Europe and South America, and into the airline and travel sectors.
Currently, Netskrt enhances tier 1 streaming video on demand (VOD) and live media delivery across Canada, the United States, and the United Kingdom. This expansion capital will enable the company to scale up its customer support, engineering, and operations teams to advance its global eCDN strategy.
“This financing is a significant achievement in Netskrt’s progression, reinforcing investor trust in our vision, team, and our growth potential,” stated Siegfried Luft, CEO and co-founder of Netskrt. He further emphasized that Netskrt’s eCDN uniquely facilitates high-quality streaming experiences in diverse environments—from urban to remote areas, and even at 30,000 feet above ground.
Brad Johns, a partner at Yaletown, remarked on the strategic importance of Netskrt’s intelligent CDN solution, which positions the company to capitalize on substantial opportunities to enhance subscriber viewing experiences globally.
Ludovic Andre, Managing Director at Credit Mutuel Equity, expressed enthusiasm for assisting Netskrt’s expansion with their expertise and presence in Europe, aiming to globalize Netskrt’s distinctive eCDN offerings.
Leah Nguyen, Chief Investment Officer at InBC Investment Corp, highlighted the broader implications of Netskrt’s technological advancements. She pointed out that these innovations cater to a significant market demand and are poised to improve content delivery and service accessibility, especially for those in remote and rural areas. InBC’s backing of Netskrt aligns with its goal to foster innovation and future-oriented solutions.
