Streamroot was picked as the top dog out of more than 5500 startups which took part in the third annual iteration of the challenge
Disruptive innovation is changing the way businesses deliver products and services to customers and the way customers expect businesses to run. We at Streamroot understand this and have built our company around the idea of changing the way the video is delivered around the world. This commitment to the cause and our ever-evolving expertise in the area proved to be fruitful when, after a long and hard-fought competition that lasted more than 5 months, Streamroot was successful in securing first place at the 2016 Cisco Innovation Grand Challenge.
What started in May of this year as a competition among 5500+ startups, narrowed down to 15 semi-finalists in September, zeroed in on 6 finalists in October, and finally culminated at three final winners in November. A total of $250,000 was awarded to the three winners, and Streamroot took home $150,000.
By doing this, Streamroot has joined the ranks of the likes of relayr, a startup that was declared the winner at the first Challenge in 2014, and has raised more than 36 million in funding till date since then. We’d like to take this opportunity to congratulate our fellow winners, Gestoos and Dedrone, and give them a shout out for their awesome work.
The future now holds promise of a ton of exposure and even more innovation. In Cisco’s own words – “each startup will gain access to Cisco’s Innovation Centers, premier resources, mentorships and vast opportunities with partners and investors to accelerate go-to-market engagements.” Streamroot is looking forward to working with Cisco and converting this opportunity to know them and work with them into a full-time partnership. Today Streamroot works with some of the world’s largest broadcasters – including the video hosting site Dailymotion, and the Discovery-owned pan-European live sports network Eurosport.