Venture Funding

NGCodec Closes $8 Million Series A


NGCodec, a developer of cloud video processing based in Sunnyvale, has a completed a $8 million Series A round bringing the total invested to date to $15.9 million. The company said investors include Belmore Capital, Xilinx and the National Science Foundation.

NGCodec also nnounced the availability of broadcast quality H.265/HEVC for real-time streaming in the Amazon AWS Marketplace and ultra low latency H.265/HEVC for interactive virtual reality (VR) and mixed reality (MR). Streaming content from the cloud will activate the first billion users in VR by effectively transforming smartphones into high performance VR/MR clients. Broadcast quality video encoding will allow broadcasters to stream live events to millions of viewers with the same visual quality (VQ) as video on demand (VOD). The availability of the NGCodec H.265/HEVC encoder, followed in 2018 by support for the new Alliance for Open Media (AOM) AV1 Codec will provide the highest quality video encoding technology for real-time, interactive entertainment powered by scalable cloud infrastructures.

“NGCodec RealityCodec delivers the best video quality for live H.265/HEVC video encoding in the AWS EC2 F1 public cloud,” said Marc Todd Founder and CEO of Skreens. “It took just a few days to integrate and the SaaS based pricing avoids larger upfront costs.” Skreens, an NGCodec customer, delivers multi-video fusion solutions for broadcast, streaming, and AV to mobile, desktop and IOT users.

“We have worked diligently to bring our advanced video codecs to the Amazon Cloud and to demonstrate the potential for cloud media and virtual reality,” said Oliver Gunasekara CEO and Co-Founder of NGCodec. “Closing our Series A round will propel our technology into the 5G era, bringing our total raised to $15.9 million from world-class institutions including Xilinx, Belmore Capital and NSF.”

“NGCodec is delivering two technically challenging entertainment experiences through the cloud: real time, live broadcast and low-latency, high resolution VR and MR,” said the company’s new CTO and VP of Algorithms, Pavel Novotny. “Our broadcast quality video processing technology will allow broadcasters to stream the highest quality live video at 60 frames per second to millions of viewers delivered with the same VQ as VOD with scalable cloud servers. Our VR streaming technology renders 90 frames per second and scales to meet the increasing resolution and frame rate demands of next generation headsets. Both will migrate to our AV1 codec implementation later in 2018 for even higher compression.”

NGCodec creates algorithms, silicon logic and FPGA implementations for cloud video processing, powering the next generation of real-time media experiences. The company’s RealityCodec technology streams interactive and real-time media at the highest performance levels.

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