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Theta Labs operates a blockchain-based, decentralized video delivery network for media and entertainment platforms.
Founded in 2016, Theta Labs provides Web3 blockchain infrastructure for video, media, and entertainment, enabling video platforms to reduce content delivery costs while rewarding users who share bandwidth. The company is based in San Jose, US. In December 2017, it raised USD 12 million led by HVC, with DCM, gumi Cryptos Capital, Heuristic Capital Partners, Sparkland Capital, The Venture Reality Fund, ZP Capital, and Sierra Ventures participating. It also received seed funding from IOSG Ventures in January 2018 and venture funding co-led by Blockchain.com Ventures and Samsung NEXT Ventures in May 2019.
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