Genvid raises $10 million from Horizons Ventures for an interactive streaming engine

Genvid, the leading provider of interactive streaming technology, has raised $10 million from Horizon Ventures. “Genvid uses its cloud streaming technology to create new kinds of services, such as interactive streams for esports tournaments that are broadcast to platforms such as Twitch, YouTube, and others. Genvid will specifically use the money to grow its current stack of technologies as well as build new media, bespoke offerings and platform teams. Furthermore, the company will continue its international and vertical expansions, moving beyond esports into mobile, arcade and VR gaming across the U.S., European Union, Japan and China, as well as new opportunities in real sports and the wider media.” Read more here.