ActionStreamer, a leading provider of media streaming technology for Internet of Things (IoT) devices, announced the successful closure of its Series A financing, totaling $2.4 million. This funding round was spearheaded by JumpStart Ventures, utilizing the Advanced Manufacturing Fund, with operational support from MAGNET. Additionally, the Castellini Management Company, which owns the Cincinnati Reds, participated as a co-investor.
Established in 2016, ActionStreamer specializes in a unique technology and software platform designed for transmitting media from wearable, IoT, and other connected devices. The platform is celebrated for its innovative approach to data transmission and its ability to provide real-time, multi-channel media solutions. It serves a diverse range of sectors, including sports, entertainment, telecommunications, industrial, and defense. ActionStreamer boasts an impressive roster of clients, such as the U.S. Air Force, FOX Sports, Amazon Web Services, and T-Mobile, showcasing its widespread recognition and success in facilitating advanced media streaming solutions.
