Video delivery platform Vuclip has made its first ever acquisition, scooping up mobile video streaming startup Jigsee.
Vuclip serves videos ‘on-the-fly’ to people on any device in any country. Its goal is to make videos accessible to everyone, and to strengthen the connection between brands and an audience they wouldn’t otherwise be able to reach. The company claims to deliver 25 million videos a day.
In November, Vuclip closed its fourth round of funding from New Enterprise Associates, Singtel Innov8, and Jafco Ventures, bringing its total to $35 million. Now, it is putting some of this money into Jigsee, which makes it easier to receive video on low-cost phones. Jigsee’s technology and team will serve to further engage users in emerging markets. The terms of the deal are undisclosed.
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