Jigsee Inc., a leading provider of adaptive video streaming technology for wireless devices in developing countries, today announced that it has received Series A funding from the Indian Angel Network.
Headquartered in Ottawa, Jigsee has developed and tested its adaptive video streaming technology in Bangladesh and India. The technology delivers continuous video streams in low-bandwidth environments (with data rates as low as 50 Kbps). Combined with the company’s Smart Client technology – which makes video streaming possible on phones with basic features, Jigsee has overcome hurdles which have prevented the uptake of mobile TV services in most emerging markets.
Jigsee version 1.1 which is currently available for download via appstores such as GetJar and OVI, makes video playlists accessible to Java 2 Platform, Micro Edition (j2me) devices from manufacturers like Nokia, Sony Ericsson, and Micromax among others.
The upcoming release of version 2.0 in April 2011 will extend support to Android devices. This version will also include premium content from top tier broadcasters.
Jigsee Media Server incorporates a stateless design which facilitates high simultaneous traffic. It implements a proprietary streaming engine which is highly scalable, and includes resilient attributes which allow it to function smoothly in a wide range of wireless environments.
Jigsee will use the capital raised from Indian Angel Network to expand its India presence and to fuel the deployment of its mobile application in India and neighboring countries. Jigsee co-founders, Ray Newal and Areef Reza form an experienced team. Ray, an Internet industry veteran was amongst the first employees of DoubleClick; and Rehan yar Khan will represent IAN on Jigsee board.
IAN investing in Canada based startup? As per the PR, Jigsee has a development center in Canada (Ottawa).