# PacketVideo Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/packetvideo

- Industry: Software
- Headquarters: San Diego, US
- Website: www.packetvideo.com
- Total disclosed funding: $100M
- Latest round: Series E (Mar 12, 2001)
- Investors on record: 19

## About

PacketVideo Corporation is a technology company specializing in advanced media delivery solutions for mobile and internet platforms. Their products enhance user experience by providing efficient data management and streaming capabilities across various sectors.PacketVideo Corporation, founded in 1998 in San Diego, US, focuses on providing media delivery solutions. The company was acquired by NTT DoCoMo in August 2010 for USD 111.60 mn. Jesse Croasmun serves as CEO and has a history of leadership in technology-focused firms.The company offers a diverse range of innovative products and services designed to address specific challenges within its target market. Its core offerings include advanced technology solutions that enhance operational efficiency and streamline processes for businesses in various sectors. The products are engineered to solve issues related to data management, workflow automation, and customer engagement, thereby facilitating better decision-making and improving overall productivity. The company serves a robust client base comprising small to medium-sized enterprises (SMEs) as well as larger corporations, with end users spanning industries such as healthcare, finance, and retail. Geographically, the company's products are marketed across North America, Europe, and select regions in Asia, ensuring a wide reach and adaptability to different market needs.The company's revenue generation model revolves around a combination of subscription-based services and direct sales of its flagship products. Clients engage in annual or multi-year contracts that provide access to the company’s software solutions, which often include tiered pricing plans based on the scale and complexity of the services utilized. In addition to direct consumer sales, the company collaborates with retailers and wholesalers to distribute its products, thereby expanding its market presence. Each transaction is structured to ensure a seamless onboarding process, complemented by ongoing support and updates, which are vital for maintaining customer satisfaction and loyalty. This transactional framework allows the company to sustain a steady revenue stream while fostering long-term relationships with its clients.PacketVideo Corporation plans to leverage its recent acquisition by NTT DoCoMo to enhance its product offerings and expand into new markets. The company is actively designing new products aimed at improving media delivery efficiency, with a targeted launch in late 2021. Additionally, there are strategic initiatives to penetrate Asian markets, specifically targeting South Korea and China by 2022. The funding from the recent acquisition will support these growth strategies, driving innovation and market entry.

## Funding rounds

- Series E, Mar 12, 2001, $100M — Intel Capital, Nexus Group, GE Capital Equity, Wheatley Partners, Qualcomm, Time Warner Pension Plan, Sun Microsystems, Mustang Ventures, Mobile Internet Capital, Sony Group, Credit Suisse, Texas Instruments Incorporated, Sonera, Kyocera Corporation, MTI Technology Limited, Reuters Group PLC, Motorola, SoftBank Group, SAIC Venture Capital

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series E
- Nexus Group (https://capitalatlas.ai/funds/nexus-group) — Series E
- GE Capital Equity — Series E
- Wheatley Partners (https://capitalatlas.ai/funds/wheatley-partners) — Series E
- Qualcomm — Series E
- Time Warner Pension Plan — Series E
- Sun Microsystems — Series E
- Mustang Ventures — Series E
- Mobile Internet Capital (https://capitalatlas.ai/funds/mobile-internet-capital) — Series E
- Sony Group — Series E
- Credit Suisse (https://capitalatlas.ai/funds/credit-suisse) — Series E
- Texas Instruments Incorporated — Series E
- Sonera — Series E
- Kyocera Corporation — Series E
- MTI Technology Limited — Series E
- Reuters Group PLC — Series E
- Motorola — Series E
- SoftBank Group — Series E
- SAIC Venture Capital (https://capitalatlas.ai/funds/saic-venture-capital) — Series E