latakoo Plans Q4 Release of Consumer Version of
Commercially Popular Online Video Delivery Platform
Austin Startup Raises Share Price in Advance of Next Investment Round
Contact: James Moore, email@example.com, 512.300.9232
(Austin, Texas) – Broad market interest in the commercial version of latakoo’s online video delivery and management system has prompted the Austin company to develop a consumer version of its products and services. latakoo (www.latakoo.com) has launched into the television news industry with widespread adoption by news networks, video producers, and broadcasting groups. The latakoo service, which delivers high-definition video over the Internet in minutes, regardless of connection speed, will offer a free version to consumers, who will also be able to purchase additional features used by professional broadcasters.
“We’re excited about how broadcasters and videographers have responded to latakoo,” said latakoo CEO Paul Adrian. “But as the net goes more and more video, consumers will want the same tools. We are constantly getting inquiries about latakoo for consumers and before the end of the year we’ll offer tiers of service that include free and al a carte purchase of features.”
Investor and customer interest in latakoo in the wake of successful participation in Techcrunch’s “Disrupt San Francisco,” and spreading market adoption has prompted a change in valuation of the company’s stock. After closing out a seed round of funding at $1.3 million, latakoo’s board of directors voted to increase share price to $1.00. The company has begun conversations with institutional and large angel investors as well as strategic global partners.
“Our tech team has developed an amazing platform that everyone ought to be able to use for video,” said latakoo President Jade Kurian. “We are very excited about the value latakoo delivers to our customers and our investors. We keep hearing from users about how we are changing the way video is sent and managed on the Internet and that’s very rewarding.”
latakoo provides video conveyance, archival, streaming, downloading, and file trans-coding services without the purchase of expensive hardware or software.
See the Press Release.
About: www.latakoo.com is an Austin company specializing in the simplification of video delivery and archiving over the Internet without the costly investment in hardware and software.