Simplestream has raised GBP 500,000 in new funding.

The investment has been backed by Clydesdale and Yorkshire Bank’s Growth Finance.

“It’s a hugely exciting time for us and the new funding will enhance our ability to grow the business and explore new, international markets. Our business is built on innovation, service and delivery and it was great to work with a partner who understood our vision and ambitions and was able to deliver the right solution at the right time,” said Adam Smith, founder and CEO, Simplestream.

Simplestream has worked with companies including A&E, At the Races, Discovery, EE, QVC and Universal Music Group.

The technology optimizes workflows for Live, Catch-up and VOD through cloud-based modules. – Broadband TV News