Last week was a huge one for BOCA client Amagi as they announced their latest round of funding that officially propelled them to #unicorn status!! Already known worldwide as a leader in cloud-based SaaS technology for broadcast and connected TV, Amagi is valued at over $1 billion. They are a part of an elite club and now one of the highest-valued media tech companies worldwide.
The past two years have seen the at-home entertainment market soar as people stayed inside and looked for quality entertainment from the comfort of their couches. There are seemingly neverending options and each seems to be bigger and better than the last. Amagi has played a huge role in this as they create, distribute and monetize live, linear and on-demand channels across multiple platforms, including cable, OTT and CTV-led Free Ad-supported Streaming TV (FAST).
“This is a crucial juncture for our business as we look to hit a hyper-growth trajectory by creating a winning combination of goals, processes, team structures and more,” said Baskar Subramanian, CEO & Co-founder, Amagi. “Our investors have a known history of crafting the success stories of companies with the promise of potential. We look forward to leveraging their astute understanding of the B2B SaaS landscape to successfully navigate the market intricacies and position ourselves for sustained success in the coming years.”
Amagi plans to utilize this latest round of funding to expand its international presence as well as its product portfolio, opening new doors and potential opportunities. Since launching in 2008, the company has made a name for itself as one of the fastest growing, cloud technology pioneers. Amagi supports 650-plus content brands, more than 800 playout chains and over 2,000 channel deliveries on its platform in over 40 countries. Recently named one of the 10 Most Innovative Companies in Video 2022 by Fast Company, Amagi continues to be recognized for its groundbreaking achievements in the streaming space.
Congratulations to Amagi – BOCA is so proud to be a part of your team!!