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Streamcheck, a privately owned streaming technology company involved in the monitoring of video and audio transmissions over the Internet, today announced it has closed first round financing of an undisclosed amount. The funds will be used primarily to further develop and market the company's service which is the first streaming media performance monitoring system in the industry.
Yorkton Securities and Jefferson Partners, an early stage venture capital company, were primarily responsible for the first round of financing. Several other notable individual investors, including Mark Cuban, founder of Broadcast.com, also contributed.
"Streamcheck is going full speed ahead," said Shai Berger, president and co-founder, "We're thrilled by the positive response we've received from both the investment community and the streaming industry. The demand has been overwhelming from content owners, stream hosting companies and system integrators."
The proceeds from the initial round of financing will be used to expand Streamcheck's distributed network of measuring devices called "Scanners" across North America, add additional employee talent, and further develop the company's technology.
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