Phenix
Phenix Real Time Solutions provides a patented, WebRTC-based video streaming platform delivering sub-half-second latency with synchronized viewing for enterprise sports betting operators, iGaming platforms, broadcasters, and interactive commerce partners across 16 global regions.
- Company typePrivate
- Founded2013
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Phenix does
Phenix Real Time Solutions, Inc. is a Chicago-based, privately held provider of real-time video streaming infrastructure founded in 2013. The company operates a custom WebRTC-based content delivery network that delivers video to global audiences with less than half a second of latency — roughly 100x faster than the 30–90 second delay typical of conventional streaming platforms. Its platform is differentiated by patented synchronization technology (SyncWatch) that keeps all viewers watching the same frame simultaneously, eliminating the spoiler effect that disrupts sports betting and live event viewing, alongside multi-stream synchronization, dynamic adaptive bitrate encoding, and AI-driven rapid automated scalability.
The company's product surface comprises a real-time video delivery platform exposed via REST APIs and SDKs for Web (JavaScript), Android, and iOS, with EdgeAuth token-based access control. Core customers are enterprise sports betting operators (RMG, SIS), sports data and media companies (Stats Perform, Barstool Sports), broadcasters and rights holders (Disney for the Oscars broadcast), and emerging interactive commerce partners (Play Anywhere, BrinxTV). Phenix has disclosed approximately $33M in cumulative funding across six rounds since 2013, with KB Partners as lead on most rounds and Verizon Ventures as a strategic investor. The company maintains 15+ granted patents across the US, Europe, Japan, Australia, Canada, Korea, and Hong Kong protecting its synchronization, encoding, autoscaling, and ad-insertion technologies.
The business model is enterprise B2B SaaS, monetized through platform licensing with subscription or usage-based fees (pricing is not publicly disclosed), supplemented by a free trial funnel, Google Cloud Marketplace distribution, and a partner program of Value-Added Resellers and Technology Partners. Go-to-market combines direct enterprise sales for marquee accounts with API-first developer adoption via SDKs. Beyond core low-latency streaming, the company has expanded into real-time server-side ad insertion (SSAI) and digital rights management (DRM) to access premium broadcast and rights-holder budgets, and is pursuing interactive commerce, gamification, and shoppable video use cases through partnerships with Teradek, Amagi, BitFire, QuickLink, Zixi, and others.
Phenix firmographics
Firmographics- Name
- Phenix
- Legal name
- Phenix Real Time Solutions, Inc.
- Website
- https://phenixrts.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Phenix Real Time Solutions provides a patented, WebRTC-based video streaming platform delivering sub-half-second latency with synchronized viewing for enterprise sports betting operators, iGaming platforms, broadcasters, and interactive commerce partners across 16 global regions.
- Ownership category
- akta.pro rank
Phenix industry classification
Industry- Product category
- Real-Time Video Streaming Platform
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Software Publishers (5132)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Streaming Technology & SDK Providers (Low-latency video, input, client SDKs) (MPAFAHAD)
- akta.pro secondary industries
- Live Streaming & Low-Latency OTT Orchestration (LL-HLS, DASH, WebRTC) (MPAHAJAK), Live Stream Processing (Ingest, ABR Packaging, Just-in-Time Packaging) (MPAHAHAD), DRM, License Delivery & Content Protection (Widevine/FairPlay/PlayReady) (MPAHAJAI)
Keywords
Where Phenix is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Phenix business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Real-Time Video Streaming Platform: B2B platform licensing real-time streaming technology to enterprise customers including sports broadcasters, betting operators, and media companies. Revenue appears to be generated through platform usage fees, likely subscription or usage-based pricing for access to streaming infrastructure, SDKs, and proprietary features like SyncWatch and real-time SSAI.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free trial available for evaluation |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Phenix product offering
Product offeringCore offering
Phenix sells an enterprise real-time video streaming platform that delivers broadcast-quality video with sub-half-second latency to millions of concurrent viewers worldwide, ensuring complete audience synchronization across all devices. The platform is delivered through Web, Android, and iOS SDKs, a comprehensive REST API, and EdgeAuth token-based authentication, and powers use cases such as in-play sports betting, iGaming, live sports broadcasting, live auctions, and interactive trivia. Underlying capabilities include patented synchronization, multi-stream sync, adaptive bitrate encoding, AI-powered auto-scaling, real-time SSAI, and DRM.
Product overview
Phenix Real Time Solutions offers a real-time video streaming platform delivering sub-half-second latency with complete audience synchronization at broadcast quality to millions of viewers globally. The platform includes proprietary patented technologies: SyncWatch for synchronized viewing across devices, Multi-Stream Sync for multi-angle content experiences, Dynamic ABR Encoding for adaptive quality streaming, Rapid Automated Scalability for AI-powered audience scaling, and Real-Time Ad Insertion for monetization. The platform is accessible via Web SDK (JavaScript), Android SDK, iOS SDK, and REST API with EdgeAuth token-based authentication. Supporting technologies include chat services, room services for video conferencing, and comprehensive reporting/analytics APIs.
Differentiator
Problem solved
Functional benefit
Brands
- SyncWatch: Patented technology that prevents drift and ensures a fully-synchronized viewing experience across all devices to audiences anywhere in the world.
- PCAST
- EdgeAuth
Products and services
- Phenix Real-Time Video Delivery Platform Primary Phenix product offering ultra-low latency (sub-half-second) real-time video delivery with complete audience synchronization at broadcast quality to millions of concurrent viewers worldwide; targets enterprise customers in sports betting, iGaming, sports media, live auctions, and interactive entertainment.
- Web SDK JavaScript software development kit for integrating Phenix real-time video streaming into web browser applications; available in v1.0 (legacy) and v2.0 (next-gen) versions for developers.
- Android SDK Software development kit for Android applications enabling developers to integrate Phenix real-time video streaming capabilities into native Android apps.
- iOS SDK Swift software development kit for iOS applications enabling developers to integrate Phenix real-time video streaming capabilities into native iOS apps.
- REST API Comprehensive REST API supporting channel management, room management, stream control, RTMP ingest, transformation, reporting, analytics, notifications, and live/on-demand delivery features for programmatic integration.
- EdgeAuth Security token SDK for generating secure digest tokens that authenticate and authorize user access to Phenix platform streams, channels, and rooms; libraries available for DotNet, Go, Java, Node.js, PHP, and Python.
- PCAST Real-Time Content Streaming Service Phenix's real-time content streaming video service referenced in Terms of Service, enabling real-time video delivery capabilities for customer implementations.
Quantifiable outcome
- 2,802,930,576 total streams delivered
- +3 more outcomes
Companies that use Phenix
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles5 records
Phenix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature7 records
Phenix partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- Play AnywherecorePartnership to deliver interactive live sports streaming combining real-time server-side ad insertion with sub-second video latency. Enables features like e-commerce, betting, and gamification during live broadcasts. Demonstrated during 2024 Olympics in Singapore and Mexico with 30-40% engagement rates.
- TeradekcorePartnership to deliver ultra-low latency streaming at scale, combining Teradek's hardware encoding solutions with Phenix's real-time streaming platform.
- QuickLinkcoreStrategic partnership to enhance real-time production and video streaming solutions, combining QuickLink's production expertise with Phenix's streaming technology.
- AmagicorePartnership to bring next-gen low latency and seamless ad insertion for the ultimate viewer experience, combining Amagi's ad insertion technology with Phenix's real-time streaming.
- BitFirecorePartnership to deliver global real-time video production and streaming solutions, combining BitFire's video processing with Phenix's streaming platform.
- ZixicorePartnership to expand ingest flexibility and unlock real-time streaming potential by integrating Zixi's protocol capabilities with Phenix's platform.
- NomadcorePartnership forming and joint listing on Google Cloud Marketplace to expand distribution through cloud infrastructure partnerships.
- Google CloudcoreListed on Google Cloud Marketplace enabling customers to access Phenix streaming solutions through Google Cloud infrastructure.
- VideoncorePartnership to deliver real-time streaming at scale by combining Videon's encoding hardware with Phenix's streaming platform.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Phenix competitors and assessment
Company assessmentDirect peers
- Wowza Streaming Engine: Wowza provides streaming infrastructure software and cloud services for live and on-demand video delivery, including low-latency offerings. It competes directly with Phenix for B2B customers needing custom streaming infrastructure, though Wowza's latency profile is typically higher than Phenix's WebRTC-based approach.
- Mux: Mux provides video API infrastructure for streaming and on-demand video with developer-first APIs and SDKs. It targets similar B2B customers building live and on-demand video products, though Mux historically has focused more on VOD and standard latency than ultra-low-latency real-time.
- Agora: Agora provides real-time engagement platform APIs for voice, video, and interactive streaming with sub-second latency. It serves enterprise developers building interactive live experiences, overlapping with Phenix's sports betting, gaming, and live event use cases.
- Red5 Pro: Red5 Pro provides WebRTC-based real-time streaming infrastructure targeting similar use cases including live auctions, interactive gambling, and sports betting. It is the closest technology peer to Phenix, competing on sub-second latency and synchronized multi-party viewing.
- Millicast (Dolby.io): Millicast, now part of Dolby.io, offers real-time streaming at scale with sub-500ms latency for interactive use cases including auctions, sports betting, and live events. It competes head-to-head with Phenix on ultra-low-latency live video for similar enterprise verticals.
Broad incumbents
- Fastly: Fastly operates an edge cloud platform with video on demand and live streaming capabilities including low-latency offerings. As an edge infrastructure incumbent, it overlaps with Phenix's CDN-level positioning for B2B streaming customers.
- Amazon Interactive Video Service (AWS IVS): AWS IVS is a managed real-time streaming service from Amazon Web Services offering sub-second latency for interactive use cases. As a hyperscaler offering with bundled cloud pricing, it competes with Phenix for the same sports betting, gaming, and live interactive customers.
- Edgio (formerly Limelight Networks): Edgio provides CDN and edge delivery services including live video streaming for media, sports, and entertainment customers. It is a broad incumbent in the streaming infrastructure space, serving some of the same enterprise verticals as Phenix.
- Cloudflare Stream: Cloudflare Stream is part of Cloudflare's edge network offering live and on-demand video with growing low-latency capabilities. As a hyperscaler with global edge presence, it competes with Phenix's infrastructure economics for B2B streaming customers.
- Akamai: Akamai operates one of the world's largest CDNs with media delivery and live streaming products including low-latency offerings. As a broad incumbent, it competes with Phenix for enterprise live streaming customers, though typically at higher latency profiles.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Phenix social profiles
Digital presencePhenix financial estimates
Financial estimateRevenue estimate
Valuation estimate
Phenix leadership team
Management profileNumber of profiles
Profiles15 records
Phenix funding detail
Funding detailFunding overview
Funding rounds6 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Phenix M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Phenix
What does Phenix do?
Phenix sells an enterprise real-time video streaming platform that delivers broadcast-quality video with sub-half-second latency to millions of concurrent viewers worldwide, ensuring complete audience synchronization across all devices. The platform is delivered through Web, Android, and iOS SDKs, a comprehensive REST API, and EdgeAuth token-based authentication, and powers use cases such as in-play sports betting, iGaming, live sports broadcasting, live auctions, and interactive trivia. Underlying capabilities include patented synchronization, multi-stream sync, adaptive bitrate encoding, AI-powered auto-scaling, real-time SSAI, and DRM.
Is Phenix a public or private company?
Phenix is a private company. It is classified as venture growth investor backed and is currently operating.
When was Phenix founded?
Phenix was founded in 2013. It employs 11 to 50 people.
Where is Phenix based?
Phenix is headquartered in Chicago, United States, in the North America region.
How does Phenix make money?
One revenue line is on record: real-Time Video Streaming Platform.
Who are Phenix's main competitors?
Direct peers on record are Wowza Streaming Engine, Mux, Agora, Red5 Pro and Millicast (Dolby.io). Broad incumbents are Fastly, Amazon Interactive Video Service (AWS IVS), Edgio (formerly Limelight Networks), Cloudflare Stream and Akamai.
Does Phenix have an API?
Yes. Phenix offers a REST API and multiple SDKs for real-time video streaming integration. The platform provides Web SDK (v1.0 and v2.0), Android SDK, iOS SDK, and EdgeAuth SDK. The REST API supports channel management, room management, stream control, RTMP ingest, transformation, reporting, analytics, notifications, and live/on-demand delivery. EdgeAuth tokens provide secure access control with libraries available for DotNet, Go, Java, Node.js, PHP, and Python. Developer documentation is at phenixrts.com/docs.
What industry is Phenix in?
Phenix's product category is Real-Time Video Streaming Platform. Its primary akta.pro industry code is MPAFAHAD, Streaming Technology & SDK Providers (Low-latency video, input, client SDKs), with a secondary code of MPAHAJAK, Live Streaming & Low-Latency OTT Orchestration (LL-HLS, DASH, WebRTC). Its NAICS code is 5182 and its SIC code is 7371.