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Video CDN Startup Hola Raises $17 Million

Video CDN Startup Hola Raises $17 Million Image Credit: Hola

Video Content Delivery Network (CDN) startup, Hola has closed a $17M Series C round of funding to accelerate video delivery for publishers and help video publishers' cut costs for delivering video by 90%. With the latest round of funding, Hola plans to increase its engineering and product management talent from 75 to 200 employees over the next 12 months.

The Hola CDN, a video distribution network for publishers, aims to create video viewing experience which is on par with sites such as YouTube while dramatically lowering the cost in comparision to existing alternatives. Hola CDN consists of a global network of dedicated servers running Hola's P2P technology along with codes on the viewer's end. The Hola CDN is already deployed by 12 video publishers participating in a pilot program and is expected to be available for commercial rollouts in the last quarter of this year, according to Hola. 

The company said that unlike traditional CDNs, Hola CDN streams video to the viewers from multiple sources (servers) in parallel, at high utilization levels, and leverages servers in lower-cost regions. This slashes prices for video distribution in any geographic location, while increasing speeds and reliability. Hola claims that it can bypass Internet censorship with Hola Free VPN (hola.org), which leverages its P2P technology to create a censorship-free Internet experience for 53 million users. This network continues to grow at a rate of more than 100,000 new users per day.

Ofer Vilenski, CEO of Hola
We've taken everything we've learned from building and managing a P2P network with our 53 million consumer users and built a P2P CDN network that pools server resources to create new cost efficiencies and capabilities that provide video publishers unmatched cost savings with increased quality.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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