Yahoo Buys Video Streaming Startup RayVFriday, July 11, 2014
Yahoo announced Friday it had acquired video tech startup RayV, with offices in Hollywood, as part of its push to improve its video streaming technology.
Financial details were not disclosed.
RayV, which also has a research and development team in Tel Aviv, helps content creators deliver high-quality streaming video through its mobile and other broadcasting platforms.
“This deal demonstrates our dedication to accelerating our video strategy and boosting our underlying technology infrastructure in the space,” said P.P.S. Narayan, Yahoo vice president of cloud platforms and services, in a statement. “RayV has built a compelling technology that enables improved high quality streaming for online and mobile content partners.”