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Venture Capital News: Mux Nabs $20M Series B Round

2019-08-26
SAN FRANCISCO, CA, Mux announces $20 million Series B financing.
Developer tools company Mux has secured $20 million in Series B funding, topping the city's recent funding headlines. The cash infusion was announced Aug. 14 and led by Evolution Media.

According to its Crunchbase profile, "Mux is building the future of online video infrastructure. We started off by building Mux Data, a best-in-class performance analytics tool that's trusted by developers at companies like PBS, Vimeo and the CBSi. Billions of monitored streams later, we launched Mux Video, a simple API to video hosting, encoding, ad streaming."

The 4-year-old startup has raised four previous funding rounds, including a $9 million Series A round in 2017.

The round brings total funding raised by San Francisco companies in media and entertainment over the past month to $1 billion. The local media and entertainment industry has seen 126 funding rounds over the past year, securing a total of $2.7 billion in venture funding.

In other local funding news, machine learning company VeriSIM Life announced a $5.2 million funding round on Aug. 14, led by OCA Ventures.

According to Crunchbase, "VeriSIM is building personalized disease models that will change how patients' treatment is administered."

The company also raised a seed round in 2018.

Meanwhile, innovation management and intellectual property company Tradespace raised $400,000 in seed funding, announced on July 22. The round was financed by 500 Startups.

From the company's Crunchbase profile, "Tradespace is a platform for innovative companies to license IP, commercialize their inventions and analyze the intellectual property market with a suite of advanced tools. The platform puts over 100 million patents and technologies at your fingertips and uses powerful predictive analytics to help universities, companies and governments commercialize the technology with confidence and make smarter business decisions. Tradespace was founded in 2017 and is headquartered in San Francisco."

Tradespace last raised pre-seed funding in 2018.

Also of note, computer vision and 3D technology company RestAR raised $150,000 in seed funding, announced on July 22 and also financed by 500 Startups.

From Crunchbase, "RestAR provides 3D capturing and product visualization for every e-commerce store with any mobile device using AI. RestAR aims to change the way people interact with online products, this will enhance the consumers' overall experience."

The company previously raised $365,000 in pre-seed funding earlier this year.
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