Bambuser, the Swedish company behind business-to-business mobile live video platform Iris, has secured US$1.5 million (€1.4 million) of funding to accelerate its expansion. This includes investment from Avicii Music AB, LMK Forward Ventures, Bluewise Ventures and Muirfield Ventures.
The investment will be used to fuel the company’s continued expansion, including the deployment of a dedicated sales team across key geographies such as Europe and North America, the company said.
It will also enables Bambuser to launch launching the second generation of the Iris platform.
Bambuser’s proprietary technology and products is designed to enable developers, organisations and brands to integrate low-latency live broadcasting and viewing directly into their workflow or mobile app experience.
Jonas Vig, CEO and co-founder of Bambuser said, “Live video broadcasting is one of the fastest growing forms of communication and the opportunities it offers are endless. Thanks to our robust technology, smart design and end-to-end solution we aim to unlock that potential and become a technology leader by making mobile video livestreaming easily accessible to a greater number of people including organisations, and now, the developer community.”