Vidict Peer is Software as a Service product, peer-to-peer, a system distributing video content from many places, across devices. Built on WebRTC, VidictPeer is generating browser-encoded streams and deliver to end viewers, thus saving hosting bills. Using advanced algorithms Vidict Peer makes a distributed peer to peer network, which is scaling the existing bandwidth capacity by ten times without any additional resources.
Vidict Peer is working product since January 2019 and it is on the market since then. Vidict Media Server was the second company worldwide that successfully commercialized that kind of product.
Vidict Peer in past was used by billion of viewers and generated revenue of average 1000$ er month for 2019.
Vidict Peer has 4 active clients.
Live Video Streaming Platforms like YouTube Live and Facebook Live, cloud service providers like Microsoft and Amazon and every business relying on server-client model for delivery of live video
Problem or Opportunity
Vidict Peer is saving resources on server (hosting) side. Using P2P technology to deliver live video to viewers, it has many benefits: reducing hosting costs for owners of video websites, saving environment (electricity and new servers), fulfilling the need for more bandwidth.
Solution (product or service)
We came up with a solution, called Vidict Peer, a SaaS for uplifting the quality and economics of streaming by offloading traffic going through servers. And how we do this? By enabling devices of the end viewers, their phones, laptops, tablets or desktops share videos between themselves in a peer-to-peer network. So instead of connecting every single device to the servers, with Vidict Peer only one out of every three devices downloads data directly from the server and then shares it with two other peers. Less traffic means fewer servers and fewer servers mean less cost for video websites.
Our only competitors in the moment are Peer5, StriveCDN, Streamroot and EasyBroadcast. These four companies attracted investments in the amount of nearly $12 million, with Streamroot topping the list by raising $5.9 million, followed by Peer5 $5.5 million and EasyBroadcast $522K. Nevertheless, Vidct Peer has peer-to-peer utilization (traffic redirected from servers), equal or even higher than those of its competitors.
Advantages or differentiators
The percent of p2p network usage is considered an industry standard for product efficiency in terms of saving server bandwidth. However, it is a relative thing since having a lower percentage on a peer-to-peer network made of a large number of viewers is much more efficient than scoring a higher p2p percentage on a smaller network. Moreover, among companies working on a product similar to ours the percentage is pretty much the same. That is why we design algorithms that use considerably fewer server resources for doing the logic of matching between devices, achieving in that way, higher product efficiency. Furthermore, instead of alternating peer-peer connectivity, our system is committed to keeping the already established connections, adding to the overall stability of the network
By charging 10-20% of the savings generated with the use of our live streaming technology. For example, if Vidict Peer, has reduced client’s hosting bills by $3000, we are billing the clients $400 for using the software.
Charging for the traffic redirected from servers to a P2P network of end viewers devices which is generating tangible savings for the clients in terms of server bandwidth usage and hosting expenses.
Money will be spent on
The money raised will be used for patenting the software solution in the US or the UK, which is around 40K $ and the rest of the money will be used for increasing sales team and sales in overall (by buying lead generation software, customer success manager, new sales persons and etc). Full cost justification can be given upon request.