ITEC spinoff Bitmovin scores $30M Series B for ‘next-gen’ online video software

Bitmovin, the online video software and infrastructure company founded by the co-creators of the MPEG-DASH video streaming standard, has raised $30 million in Series B funding. The round is led by Highland Europe, with participation from existing investors Atomico, Constantia New Business, Dawn Capital, and Y Combinator. Bitmovin is a spin-off of Alpen-Adria-Universität Klagenfurt, specifically the Institute of Information Technology (ITEC) and in the context of the FP7 projects ALICANTE and Social Sensor. Further news about Bitmovin can be found on their blog: Bitmovin blog
Links: Bitmovin , Techcrunch