Zencoder Raises $2M for Cloud-based Video Encoding



By Derrick Harris, GigaOm

“Startup video-encoding service Zencoder has raised $2 million for its cloud-based service that lets users get their videos ready for presentation and delivery via web or mobile apps.

Investors in this round include Andreessen-Horowitz, Ignition Partners, SV Angels, Lowercase Capital, Founder’s Collective, 500 Startups, and individual investors such as Matt Cutts, James Lindenbaum, Orion Henry, Adam Wiggins, Wolfgang Buehler, Mike Bollinger and Neil McClements. Zencoder is the third cloud-based video service its founders have launched: they founded video-compression service On2 Technologies in 2008, which Google bought for $106 million in 2009, and then FlixCloud, which has been folded into Zencoder.”

Read More…