Phenix

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.

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

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

• Real-time video streaming
• Ultra-low latency CDN
• Live sports broadcasting
• Server-side ad insertion
• Video synchronization technology

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core 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

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core.

• Play AnywherecoreStrategic or Co-development Partner · 3 February 2025Partnership 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.
• TeradekcoreTechnology or Integration · 23 January 2025Partnership to deliver ultra-low latency streaming at scale, combining Teradek's hardware encoding solutions with Phenix's real-time streaming platform.
• QuickLinkcoreStrategic or Co-development Partner · 11 November 2024Strategic partnership to enhance real-time production and video streaming solutions, combining QuickLink's production expertise with Phenix's streaming technology.
• AmagicoreTechnology or Integration · 30 September 2024Partnership 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.
• BitFirecoreTechnology or Integration · 19 January 2024Partnership to deliver global real-time video production and streaming solutions, combining BitFire's video processing with Phenix's streaming platform.
• ZixicoreTechnology or Integration · 4 May 2023Partnership to expand ingest flexibility and unlock real-time streaming potential by integrating Zixi's protocol capabilities with Phenix's platform.
• NomadcoreTechnology or Integration · 2 May 2023Partnership forming and joint listing on Google Cloud Marketplace to expand distribution through cloud infrastructure partnerships.
• Google CloudcoreTechnology or IntegrationListed on Google Cloud Marketplace enabling customers to access Phenix streaming solutions through Google Cloud infrastructure.
• VideoncoreTechnology or IntegrationPartnership 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

Direct 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

• Xx.com/phenixrts
• GitHubgithub.com/PhenixRTS
• Facebookfacebook.com/phenixrealtimesolutions
• LinkedInlinkedin.com/company/phenixrealtimesolutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds6 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phenix