news | Feb 12, 2020

Codemill Raises Funding Round for Continued Growth

As covered in DI Digital, Codemill is happy to announce its latest funding round.

Taking in an investment of 30m Swedish Kronor, the money will be used to open new offices in Los Angeles, London and Japan as well as preparing for a potential IPO.

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First with Accurate Player, then more recently a broader, fully-featured software suite – Accurate Video, Codemill’s software is used and trusted by a growing range of top tier, global businesses, including The Guardian, ITV and SwissTXT. Codemill is constantly developing new tools and features to improve the product.

CTO and Co-Founder Johanna Björklund said: "We will continue to grow our team this year, opening offices in Los Angeles, London and Japan.”

“Film and television companies often have employees distributed worldwide, who need to work simultaneously around editing and processing audio-visual content. Our adaptive software is perfect for such teams. With Accurate Video, more people can work together at once, switching between high resolution and low-resolution modes of working as they require.”

The company's annual growth has averaged 23 percent over the past five years, and the ambition is to continue to grow at a similarly high rate in the coming years.

Johanna Björklund is a leading academic and speaker in the field of AI and machine learning, as well as acting as CTO, she co-founded the business alongside CEO Rickard Lönneborg in 2008.

Beginning life as a consulting firm and tech developer to the television and film industries, Codemill then broadened its focus to include developing cloud-based and modular software. This on a SAAS model, to help leading broadcasters and studios manage and produce content with greater efficiency, especially as viewing transitions to connected delivery and screens.

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