Texel

Company Overview

Snapshot

Founded in August 2016 by Amir Segev and Guy Zisman, Texel operated with 11–50 employees. The company secured funding across two rounds from Cornerstone Venture Partners and 500 Startups. Texel was acquired by DAZN Group in November 2021.

Business overview

Texel provides a platform-as-a-service designed to deliver highly personalized over-the-top (OTT) viewing experiences at scale. The company's core technology combines multiple streams, data, and social media to offer unique, customized TV screen views based on individual preferences, such as camera angle and commentator selection. Texel also enables shared viewing experiences among households and is offered as a cloud/edge-based service to OTT providers, serving the media and entertainment industries, particularly in digital content engagement, entertainment, and distribution.

Strategic signal

In November 2021, Texel was acquired by DAZN Group, a global sports streaming service. This acquisition signals a strategic move by DAZN to enhance its video streaming capabilities and potentially integrate Texel's personalized viewing technology, indicating a focus on innovation and differentiated user experiences within the competitive OTT market.

Company Intelligence Q&A

When was Texel acquired?

Texel was acquired by DAZN Group in November 2021.

Which investors participated in Texel's September 2018 funding round?

In September 2018, Texel received funding from Cornerstone Venture Partners and 500 Startups.

Who are the founders of Texel?

Texel was founded by Amir Segev and Guy Zisman.

What was a key strategic validation for Texel in 2018?

In September 2018, Deutsche Telekom backed Texel, highlighting interest in the company's enhanced reality broadcasting technology.

What was a notable early accelerator program Texel participated in?

In August 2017, Texel was announced as one of the seven companies in 500 Startups' first Data Track program.