Feeds

Brisbane video start-up eyes US market

Raising $US3.2m to go global

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Australian streaming video network start-up Kondoot is in the midst of finalising a $US3.2 million funding round led by US investors.

The social-style video sharing site was set up by Brisbane-based university chums Mark Cracknell and Nathan Hoad, and launched in the US on December 12.

The operation, until now privately funded, was soft launched three and a half months ago and already claims users in 133 countries. It is believed to have raised about $US800,000 with most contributions coming from the Australian Small Scale Offerings Board.

The Amazon Web Services-hosed outfit, claims that it is aiming to create a new market segment in "social live video", a hybrid of streaming video, VPN and instant messaging in addition to the public live and recorded broadcasts.

For its US launch the company introduced a paid broadcasting system that enables celebrities, public figures or businesses to stream live webinars across private broadcasts to fans and customers. Viewers are required to pay a fee via PayPal with the bulk of the proceeds paid to the broadcaster.

"We've been singularly obsessed with delivering on the vision of creating a friendly and easy-to-use live social video experience," Hoad said. The company has already started to sell mobile app versions of its original games for US$1 each and will soon be launching an advertising-centric offering.

"Now, a rock band can broadcast their concert live to millions of fans around the world who couldn't make it to the concert but can watch from the comfort of their home for a nominal fee," co-founder Cracknell added.

Following the capital raising. the Brisbane based company is looking to shift to the US in the first quarter of this year. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.