South Africa’s Blockchain Startup Custos Raises More Funds to Fight Piracy
Custos Media Technology, a Bitcoin bounty startup has raised $420,000 in a recent funding round. Custos Media Technologies, a South African company which fights piracy using Bitcoin and blockchain technology, has recently announced a successful fundraising round of $420,000. South Africa’s Technology Innovation Agency (TIA) is the investor in Custos’ latest fundraising round. A prominent startup news media outlet reports that the company will be receiving the raised amount over the next two years. This is the third funding round, amounting to a total of $850,000 till date. Custos Media....
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Pirates beware! Stellenbosch-based anti-piracy startup, Custos Media Technologies, has made a deal with the Technology Innovation Agency (TIA) of South Africa to help it grow and bring their services to a wider market. Under the agreement, TIA will provide a funding injection of 5.9 million rand, or approximately $407,000 USD, into the startup over the....
Custos Media Technologies, a South African bitcoin blockchain-based startup that has developed the means to identify and track illegal file-sharing and pirates through the bitcoin blockchain, has received a new cash injection of over $400,000. South African startup Custos Media Technologies, a company that uses the bitcoin blockchain to combat media piracy has reached an agreement with the Technology Innovation Agency (TIA) that will see funding of 5.9 million Rand (approx. $400,000) gained by the startup over the next two years. A Bitcoin Reward for Downloaders? The technology, seen as a....
According to the latest Theatrical Market Statistics report released by the Motion Picture Association of America (MPAA), global box office revenues reached $38.3 billion in 2015, up 5 percent from 2014. But Chris Dodd, chief of the MPAA, said that if the issue of piracy could be tackled it would add a healthy $1.5 billion more to the movie industry’s bottom line. But currently available piracy detection technologies are ineffective in tackling digital media piracy because most illegal downloads happen on peer-to-peer networks. Custos Media Technologies, a startup based in Stellenbosch,....
It comes as little to no surprise to find out Digital Currency Group has taken an interest in this project, and were part of the company’s second round seed investment. Bitcoin and digital currency offer many different use cases, although a lot of them still have to be discovered and explored. Custos Media Technologies is looking at Bitcoin as a way to combat piracy, especially in the film industry. For many years now, movie industry experts have been trying to come up with a way to reduce the number of pirated films on the Internet. As soon as a movie hits the theatres, it doesn’t take....
Custos Media Technologies, a Stellenbosch, South Africa-based company that uses the blockchain to fight media piracy, has raised $265,000 USD in seed funding from Digital Currency Group (DCG) and a South African private investor, according to Ventureburn.com. The company uses technology that watermarks bitcoin into a piece of media that it tracks in the blockchain to identify infringements. The system uses crowdsourcing to provide a bounty to downloaders who identify pirates. Content creators and distributors can embed an identifying code into each piece of content that they provide to a....