Qik enables mobile phone users to record and stream video in real time. The service competes with Kyte, Justin.tv, Ustream and Bambuser. In September the company reported 3.5 million users and a growth rate of nearly 500,000 users per month; using that growth rate TechCrunch estimated roughly 5.5 million users, while Qik’s blog later stated 5 million users. An SEC filing revealed the company has secured a little over $6.3 million in funding. Investors listed in the filing are Quest Venture Partners (a previous backer) and Almaz Capital Partners. The article does not specify how the funds will be used or the instrument of the financing. Qik makes it easy to stream live video from a cellphone onto the Internet. The article notes growing demand for personal video publishing as video‑enabled iPhones spread. Qik competes with services such as Kyte and Bambuser. The company recently secured another round of outside funding and has notable angel backers from prior rounds. Marcus Ogawa from Quest joined Qik’s board and Justin Camp of CampVentures became a board observer. Qik is based in Redwood City and had previously raised $4 million from angel investors including Mark Benioff and Mark Andreessen. Qik is a live mobile video streaming service that enables users to stream video from camera-enabled phones to platforms including television, gaming consoles, and the web. Currently only a subset of Nokia phones work with Qik, and the company plans to add support for all smart and Java-enabled phones. Qik recently partnered with Justin.tv to provide that lifecasting service with mobile capabilities. Competitors named in coverage include Mogulus and Kyte. Financially, Qik raised $3 million in a Series B from Marc Benioff, Arjun Gupta, and George Garrick, bringing total funding to $4 million to date.

Total raised

$15M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2011