Restream launches Studio tool and raises $50 million

Like everyone during the pandemic, businesses are looking for tools to ease the transition into a world with more remote work. And that has led to a huge burst in growth for services like Restream. The platform has grown more than 300% since January. It serves more than 2 million creators and businesses that want to broadcast one video feed over multiple platforms. Restream makes that easy and without requiring any extra bandwidth. And that has led the company to fast-track the launch of its new Studio tool while also raising $50 million in a series A funding round.

Investment firms Insight Partners and Sapphire Ventures led the funding. And Restream plans to use the influx of cash to bring in more workers and expand its marketing efforts. Essentially, the livestreaming iron has never been hotter, and Restream’s chief executive officer Alex Khuda sees now as the time to strike.