Wellington Financial Provides $14M to Dejero Labs for Continued Innovation in Remote Broadcasting and Connectivity Solutions
When we say that we’d love to finance EVERY great mid-stage innovation company in the Canadian market, we aren’t kidding.
Today’s example comes in the form of a $14 million financing for Dejero Labs of Waterloo, Ontario. Dejero is an innovator in cloud-managed solutions that simplify the transport of live video and real-time data across remote or mobile IP networks. Our capital will support Dejero’s endeavors in providing broadcasters, media organizations, and mobile production companies with instant, cost-effective, and reliable access to their audiences.
The company’s LIVE+ cloud-based platform manages and bonds wired and wireless network connections to deliver broadcast-quality live video from virtually anywhere. In combination with its range of innovative, portable IP newsgathering equipment, Dejero enables reporters to accelerate the pace of news distribution for the digital era. The technology is indispensable to news teams internationally, and we believe it will only gain further momentum as its capabilities expand beyond news reporting and into the ever-broadening world of live broadcast media and entertainment.
Dejero counts almost every major network across North America as a customer, including ABC, CBC, CBS, CTV/Bell Media, Fox, NBC and Rogers Media. Notably, with the support of Dejero’s equipment, ABC7 Los Angeles was one of the company’s customers that reported live from U.S. President Donald Trump’s inauguration via the LIVE+ platform. Dejero’s technology also supports many international broadcasters covering major events, such as the Olympics, and enables coverage of breaking news stories within minutes of them occurring.
Dejero’s proprietary equipment is more cost-effective than microwave or satellite trucks that have traditionally been used for newsgathering, faster to set up, and offers greater flexibility to broadcast live from virtually anywhere. In 2016, the company was ranked 37th on Deloitte’s Technology Fast 50 list, which marks the third consecutive year that Dejero has been awarded this accolade, showcasing its continued growth and technological distinction.
A hearty welcome Brian Cram, Bogdan Frusina and the rest of their 100+ person team.