Phenix Real Time Solutions, Inc.
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Phenix Real Time Solutions, Inc. - overview
Established
2013
Location
Chicago, IL, US
Primary Industry
Software
About
Phenix Real Time Solutions, Inc. is a US-based technology company specializing in advanced real-time video streaming, providing ultra-low latency solutions for interactive experiences in industries such as sports betting and live events. Founded in 2013 in Chicago, US, Phenix Real Time Solutions, Inc. focuses on delivering real-time video streaming solutions.
The company was co-founded by Scott Paseltiner and Stefan Birrer. It has completed a total of 8 deals, with its most recent deal on March 1, 2021, when it raised USD 16. 88 mn in Series B funding led by KB Partners with participation from Manheim and Verizon Ventures. This funding round increased the company’s valuation to USD 89.
98 mn post-money. Roy Reichbach serves as the CEO of the company. Phenix Real Time Solutions offers advanced real-time video streaming technologies, achieving ultra-low latency experiences with delays of less than half a second. Their key products include Server-Side Ad Insertion and Digital Rights Management, optimizing audience engagement through synchronized viewing across various locations and conditions, particularly in sectors like sports betting and live events.
Their technology is utilized by clients in horse racing and esports, such as RMG and SIS, enhancing broadcasting capabilities globally, particularly in North America and Europe. Phenix Real Time Solutions generates revenue through partnerships and service agreements with businesses needing high-quality live streaming solutions. Their model often includes subscription-based plans based on usage levels and services. The company provides tailored solutions enabling Watch & Bet experiences, particularly in sports betting, with offerings supporting synchronized video streaming for live racing and esports.
Pricing details are structured in tiered plans to meet various business needs. The most recent funding round in March 2021, which totaled USD 16. 88 mn in Series B funding, is aimed at enhancing Phenix Real Time Solutions' technological capabilities and expanding its market reach. The company plans to introduce new products that will further optimize real-time streaming experiences and aims to enter additional international markets by 2023.
The funding will facilitate the development of innovative features and support strategic expansions in key regions where live sports are prominent.
Current Investors
KB Partners, Kirenaga Partners, Manheim
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Music & Video Streaming Software
Website
www.phenixrts.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Series B
Total Amount Raised
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