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Phenix Real Time Solutions, Inc., based in Chicago, provides ultra-low latency video streaming for sports betting and live events.
Founded in 2013 in Chicago, US, Phenix Real Time Solutions, Inc. provides real-time video streaming with latency under half a second, used in sports betting, horse racing and esports. Its key products include server-side ad insertion and digital rights management. The company was co-founded by Scott Paseltiner and Stefan Birrer, and Roy Reichbach is the CEO. On March 1, 2021 it raised USD 16.88 mn in a Series B round led by KB Partners, with participation from Manheim and Verizon Ventures, at a post-money valuation of USD 89.98 mn.
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