Moments Lab, a specialist in AI video discovery, has raised $24 million (€21m) in funding, led by Oxx, with participation from Orange Ventures, Kadmos, Supernova Invest and Elaia Partners. The new capital will accelerate Moments Lab’s U.S. expansion and advance its R&D work as it builds on its patented MXT-2 multimodal AI and rolls out […]
River Capital has announced a six-figure investment into Manchester-based virtual production company, SilverScape. The funding comes from NPIF II – River Capital & GC Business Finance Smaller Loans, which is managed by River Capital & GC Business Finance as part of the Northern Powerhouse Investment Fund II. SilverScape, established in September 2021 by communications industry […]
PSSI Global Services, a player in broadcast transmission solutions, has made another investment in video delivery technology, purchasing a large complement of advanced transmission hardware from Appear, a specialist in media processing and delivery technology. This strategic acquisition includes multiple X20 chassis, HDR HEVC encoder and decoder cards, and multiple hardware-accelerated SRT (Secure Reliable Transport) […]
Eutelsat has reportedly held talks with investors to raise €1.5 billion to expand its low Earth orbit (LEO) satellite constellations as it seeks better to compete with Elon Musk’s satellite-broadband service Starlink. The satellite operator is said to be in discussions to acquire funding from the French government, investor Fonds Strategique de Participations, shipping company […]
Satellogic is a company specialising in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte. It began launching their Aleph-1 constellation of ÑuSat satellites in May 2016. The company is listed on the Nasdaq exchange (as SATL) however it currently has its headquarters in the British Virgin Islands although this is being moved […]
The BBC is introducing changes in network television commissioning to support its commitment to make the biggest possible impact right across the UK. In a blog post, Rhodri Talfan Davies, Director of Nations at the BBC, notes that the Corporation is already by far the biggest commissioner of television programming outside London, investing almost £1 […]
Following Channel 4’s confirmation that it will be establishing an in-house production arm, Channel 4 Productions (C4P), following the removal of its exemption from doing so in last year’s Media Act, Llyr Morus, Chair of TAC, (Teledwyr Annibynnol Cymru) which represents the independent television production sector in Wales, said that the broadcaster would need to […]
UK digital infrastructure provider Openreach has committed to build the country’s most reliable broadband technology, full fibre, even faster – thanks to increased investment from BT Group. The company has already built the new infrastructure to more than 18 million homes and business nationwide – including more than four million in just the last 12 […]
AST SpaceMobile has issued a prospectus with the aim of raising a half-billion dollars. AST says it will sell fresh shares in the company. It is using B. Riley Securities, Barclays Capital, BofA Securities, Cantor Fitzgerald, Deutsche Bank, Roth Capital Partners, Scotia Capital (USA), UBS Securities and William Blair & Co will act as sales […]
Fairground Entertainment, a new studio and streaming distribution service focused exclusively on AI-generated content, has raised a $4 million (€3.58m) seed round from a syndicate of investors led by Viant Technology. Fairground will roll out its first wave of original feature-length programming in Q3, developed in collaboration with a cohort of creators using advanced AI […]