LAS VEGAS -- iStreamPlanet, the leader in live streaming video solutions, announced today that Juniper Networks has completed a strategic investment in iStreamPlanet's Series A funding, which was led by Intel Capital. The investment will be funded by Juniper Networks' Junos Innovation Fund. iStreamPlanet plans to use the proceeds from its Series A financing to accelerate the development of its live video streaming solutions, including Aventus, a cloud-based, live video workflow platform designed to address the challenges of streaming live events and live linear channels online to multiple platforms and devices. One of the key advantages of Aventus is its ability to move the live video workflow from today's hardware-dependent infrastructure to a software- and cloud-based infrastructure.
The relationship combines iStreamPlanet's innovations and experience in providing scalable and cost-effective live video workflow solutions with Juniper's industry-leading networking and caching technology to provide a reliable, secure, and high-performance platform for content providers. The two companies have worked closely in the past to deliver complex, live video workflows for major live events, including the 2012 London Games.