Texel
Personalized OTT Viewing Experiences
Company Overview
Snapshot
Founded in August 2016 by Amir Segev and Guy Zisman, Texel operated with 11–50 employees. The company raised $3.55 million across two funding rounds from three investors. Texel was acquired by DAZN Group in November 2021.
Business overview
Texel provides a platform-as-a-service that delivers highly personalized viewing experiences at scale for OTT providers. The company's core technology combines multiple streams, data, and social media to offer customized TV screen views based on individual preferences, such as camera angle and commentator selection. Texel also enables shared viewing experiences among households and operates as a cloud/edge-based service, serving the media and entertainment industries, with a focus on broadcasting, streaming, and content distribution.
Strategic signal
In November 2021, DAZN Group acquired Texel, signaling a strategic move by the global sports streaming service to enhance its technological capabilities and potentially integrate Texel's personalized viewing experiences into its offerings. This acquisition also led to DAZN Group establishing an innovation hub in Israel, indicating a commitment to leveraging Texel's expertise and talent for future developments in the streaming sector.
Log in to access full profile ›Company Intelligence Q&A
- What was Texel's exit event?
- Texel was acquired by DAZN Group in November 2021. This acquisition led to DAZN Group opening an innovation hub in Israel.
- When did Texel raise its Seed round?
- In September 2018, Texel secured a Seed funding round from investors including Cornerstone Venture Partners and 500 Startups.
- Who founded Texel?
- Texel was founded by Amir Segev and Guy Zisman.
- What is Texel's primary business model?
- Texel primarily operates with B2B2C and B2B business models, offering its platform-as-a-service to OTT providers.
- What is Texel's total disclosed funding?
- Texel raised a total of $3.55 million across two funding rounds. The first round was a Pre-Seed in September 2016 with Cornerstone Venture Partners, and the second was a Seed round in September 2018 with Cornerstone Venture Partners and 500 Startups.