What is Livepeer?
Founded in 2017 by Doug Petkanics and Eric Tang, Livepeer operates as a decentralized video streaming network built on the Ethereum blockchain. The platform addresses the high costs associated with traditional video transcoding by providing a decentralized marketplace for compute power. By enabling developers to build streaming applications without the burden of exorbitant usage fees, Livepeer has achieved significant operational milestones, including processing millions of minutes of video content. Its market position is defined by its unique ability to aggregate massive GPU power, effectively creating a decentralized utility that rivals the capacity of major centralized platforms like YouTube and Twitch.
How much funding has Livepeer raised?
Livepeer has raised a total of $48M across 2 funding rounds:
Series A
$8M
Series B
$40M
Series A (2019): $8M with participation from Northzone
Series B (2022): $40M led by Coinbase Ventures, Tiger Global Management, and CoinFund
Key Investors in Livepeer
Coinbase Ventures
Coinbase Ventures is the investment arm of the leading cryptocurrency exchange, focusing on early-stage investments in companies that are building the future of the crypto economy.
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets. The company was founded in 2001 and is headquartered in New York City, New York.
CoinFund
CoinFund is a blockchain-focused investment firm founded in 2015 with the goal of shaping the global transition to digital assets and decentralized finance.
What's next for Livepeer?
With the recent infusion of capital, Livepeer is well-positioned to scale its network capacity and enhance its protocol efficiency. The strategic focus will likely center on expanding developer adoption and integrating further with decentralized finance (DeFi) ecosystems to incentivize node operators. As the demand for high-quality, low-latency video streaming continues to surge, Livepeer's roadmap involves strengthening its infrastructure to support even higher volumes of concurrent streams. By maintaining its commitment to decentralization, the company aims to solidify its role as the primary backbone for the decentralized web, ensuring that video content remains accessible, affordable, and censorship-resistant for creators globally.
See full Livepeer company page