Video compression specialist V-Nova has secured a ‘multi-million-pound’ investment to expand its research and development teams.
Icelandic businessman Thor Björgólfsson, Chairman of investment firm Novator, has led this latest funding round and takes a place on the board.
Björgólfsson has been involved in several major mobile operators including Play (Poland), WOM (Chile) and Nova (Iceland).
“Video services across the globe are striving to deliver higher-quality and more robust video streaming to remain competitive in an increasingly crowded market,” commented Thor Björgólfsson. “I was hugely impressed by the potential PERSEUS has to address the real needs of operators. It’s a pleasure to now be working with Guido and his talented team.”
“This significant investment means we can accelerate and expand both our development efforts and sales efforts,” said Guido Meardi, CEO and co-founder at V-Nova. “Having Thor and the Novator team involved is also a tremendous injection of expertise and experience for V-Nova and we’re looking forward to working together in the coming months.”
Investors in V-Nova also include Eutelsat and Sky Group.
