Clearleap the leading provider of multiscreen video logistics for the television industry announced that it has closed a 20 million round of funding bringing its total financing to 36 million Susquehanna Growth Equity led the round with participation from Clearleap’s existing investors Trinity Ventures and Noro-Moseley The new round comes on the heels of the company’s recent launch into the European market and will be used to further accelerate Clearleap’s domestic and international expansion
Clearleap’s multiscreen platform provides the framework for leading content owners and television providers as they enhance their existing video services while developing new ones The company has experienced tremendous growth in recent years as companies like HBO Verizon Time Warner Cable the Food Network and Travel Channel have turned to them for a reliable and efficient way to meet growing consumer demand for video content across every screen
Consumer demand for better more varied and more flexible viewing options has been the catalyst for massive change in the TV industry and what we’re seeing today is really just the beginning said Clearleap CEO Braxton Jarratt Our goal is to become the technology partner of choice for every content owner or service provider looking to supercharge their efforts to deliver video across every screen This round of funding enables us to realize this goal much faster and cement our reputation in this space ‘
The proliferation of internet-connected devices with video streaming capabilities has caused content producers and distributors to seek new solutions to help them efficiently manage their multiscreen TV-everywhere experience said Scott Feldman Managing Director at SGE Clearleap has developed a software platform that offers purveyors of video content a cost effective scalable alternative to high fixed-cost hardware-dependent solutions Braxton and his team are leading this massive shift in spending with a true cloud-based SaaS solution that we expect to set a new standard in the video content and subscriber management industry ‘
Clearleap was recently listed as 364 on the Inc 500 list up from 1067 in , making it the fastest-growing software company in Georgia The company has aggressively expanded its employee base in the last year and plans to hire another 150 new employees in the next 18 months
About Clearleap Inc
Clearleap accelerates the delivery of multiscreen services by alleviating the business operational and technical challenges facing content owners and video service providers in offering high-value video entertainment on all screens Clearleap’s innovative and modular software platform leverages massively scalable secure and redundant data centers and is in use today by many of the industry’s largest brands Privately held Clearleap has its global headquarters in Atlanta with offices in NYC and San Francisco and a European headquarters in Amsterdam Netherlands For more information please visit a href=”http://www clearleap com target=”_blank”>www clearleap com
