“We have worked diligently to bring our advanced video codecs to the Amazon Cloud and to demonstrate the potential for cloud media and virtual reality,” said Oliver Gunasekara CEO and co-counder of NGCodec, explaining the corporate direction of the company following its cash injection worth $8 million. “Closing our Series A round will propel our technology into the 5G era, bringing our total raised to $15.9 million from world-class institutions including Xilinx, Belmore Capital and NSF.”

The company believes that streaming content from the cloud will activate the first billion users in VR by effectively transforming smartphones into high performance VR/MR clients, and that broadcast-quality video encoding will allow broadcasters to stream live events to millions of viewers with the same visual quality (VQ) as video-on-demand (VOD).

The availability of the H.265/HEVC encoder will be followed in 2018 by support for the new Alliance for Open Media (AOM) AV1 Codec which NGCodec says will provide the highest quality video encoding technology for real-time, interactive entertainment powered by scalable cloud infrastructures.

“NGCodec RealityCodec delivers the best video quality for live H.265/HEVC video encoding in the AWS EC2 F1 public cloud," said Marc Todd, founder and CEO of Skreens, an NGCodec customer which delivers multi-video fusion solutions for broadcast, streaming and AV to mobile, desktop and IOT users. “It took just a few days to integrate and the SaaS based pricing avoids larger upfront costs.”