Silicon Valley mobile video startup Vuclip eyes emerging markets

Vuclip, a Silicon Valley startup that is the world’s largest independent mobile video company, has little interest in the most lucrative mobile markets  – the United States and Europe.

The company, which has its research-and-development in Milpitas, is using Silicon Valley technology to serve emerging markets.

“For a long time, companies believed the most monetized consumers were in the United States,” said Nickhil Jakatdar, Vuclip co-founder and CEO. “But with the coming middle class in markets like India, Indonesia and China — they will be very monetizable markets as well. The world is changing very quickly.”

Vuclip, which has raised $35 million in three series of funding from NEA, Jafco Investors and SingTel Innov8, has 45 million unique users a month in 200 countries. Its app and browser-based video technology is specifically developed for devices that sell for $100 or less. It can operate on the latest 4G networks, as well as more primitive 2G networks.

The six-year-old company, which Jakatdar said could become profitable this year, derives income from small fees to watch video and advertising-sponsored “channels” by a consumer goods company.

The first company Jakatdar co-founded, Timbre Technologies, was acquired by Tokyo Electron for $138 million in 2001. In all, he has founded four companies and invested in 20, three of which have been recently acquired by Groupon, Applied Materials and Cadence Systems.

 

 

John Boudreau John Boudreau (79 Posts)

I cover the intersection of Silicon Valley and Asia.