Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

Twitter rival Meerkat announces $14 million in funding

There are two big steps in the world of live streaming.

 

meerkat-vs-periscope

Live-streaming smartphone video app Market, which was launched last month, had one day of joy. The founder and CEO Ben Rubin shared on Thursday the news in his blog: The startup has raised $14 million in a financing round.

The same day Twitter announced its acquisition of the livestream app: Periscope.

Rubin said he is encouraged by the competition news: “Periscope is a very slick product, a very beautiful product, but there is room for multiple players in live video. If you have a good idea and you don’t think there’s 10 other smart teams working on it already, then you don’t have a good idea.”

The financing round led by Greylock Partners (Josh Elman of Greylock is joining the Meerkat board) and a range of eclectic investors, including Jared Leto, David Tisch and Chad Hurley, cofounder of YouTube.

Other funds in on the deal were Aleph, Broadway Video Ventures, CAA Ventures, Comcast Ventures, Entree Capital, Raine Ventures, Sherpa, Slow Ventures, Sound Ventures, Universal Music Group, UTA, Vayner/RSE, and WME.

Meerkat based in San Fransisco and Tel Aviv, was founded in Israel by CEO Rubin, VP Product Uri Haramati, and CTO Itai Danino. The startup raised $3.7 million last year before changing its name to Life on Air Inc.

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement