Clearleap, a web-based technology platform, has raised a new $4.5 million round from current investors, bringing total capital raised to $16.8 million. It is also announcing a new "Stream On Demand" solution which is targeted to pay-TV operators who want to deliver authenticated video streams to connected IP devices. Clearleap introduced this concept over the summer by partnering with Roku to allow pay-TV operators deliver video to its devices.
At the time I wrote that the partnership blurred the boundaries between traditional video and broadband-centric or "over-the-top" video distribution. As Clearleap's CEO Braxton Jarratt explained to me the other day, those boundaries will become even more blurry as customers adopt Stream On Demand. With the new solution, pay-TV operators can authenticate, manage quality of service (QOS) and bill for video delivered to connected devices that are either owned by the consumer or by the operator itself. Braxton said that Stream On Demand's first customers will be announced later this year or early next. Clearleap's focus to date has been on incorporating online video into legacy linear and VOD systems.
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