Plex, a streaming media firm, secures new investment as profitability approaches
Plex CEO Keith Valory confirmed the round closed this month, but was unable to disclose Plex’s new valuation.
Recently, the company has been developing social features, as well, allowing Plex users to opt into a feature that tracks their viewing and shares it with friends.
To date, however, it’s Plex’s ad-supported streaming that’s been helping Plex grow its revenue.
And we’re in, at least, the top five if not higher in this space, and we feel like we’re doing really, really well,” he said.
As a result of Plex’s ability to track users’ media discovery behavior and consumption across platforms and services, the company has a unique perspective from a data standpoint.
