Peer5 sits on top of existing CDNs to enable large-scale streaming by using viewers' devices to distribute video to other viewers. It leverages WebRTC technology, which both Microsoft and Apple have recently indicated support for, to enable browser-based peer-to-peer delivery. Publishers can offer incentives (for example, higher-quality broadcasts) to encourage viewers to opt in and contribute upload capacity. The company reports it recently supported its first event with more than 1 million concurrent viewers, up from 40,000 two years earlier, and is targeting 10 million concurrent viewers next. Peer5 was part of Y Combinator and has raised seed funding to further develop and scale its technology. CEO Hadar Weiss frames the product as addressing a fundamental scalability problem in online TV and streaming. Peer5, based in Palo Alto, CA and Tel Aviv, Israel, provides a hybrid platform that combines HTTP and P2P mesh networks to optimize content delivery for mobile and internet applications. Its mesh network and P2P offloading system reduces bandwidth usage and speeds file transfers, which the company says increases user engagement. The platform is positioned to improve mobile and internet content delivery performance for publishers and app developers. Peer5 was co-founded by Hadar Weiss (CEO) and Shachar Zohar (CTO). The company announced a strategic seed investment and intends to use the funds to expand operations. No revenue or user metrics were disclosed in the article.

Total raised

$3M

Funding rounds

2

Latest round

Seed

Latest activity

Jul 2017