Sapphire, Insight lead $50m funding in Restream

Restream, a provider of live streaming solutions, raises $50m, led by Sapphire Ventures and Insight Partners. Paul Levine and Teddie Wardi have joined the board.

Austin, Texas-based Restream, a provider of live streaming solutions, has raised $50 million in Series A funding. The round was led by Sapphire Ventures and Insight Partners. As part of the funding round, Paul Levine, managing director at Sapphire Ventures, and Teddie Wardi, managing director at Insight Partners, have joined the board.

Source: Sapphire Ventures blog post