Meerkat Closes Funding Round

The recent roller-coaster ride of live-streaming application Meerkat continued with its announcement that it closed a funding round and its accompanying mission statement.

The recent roller-coaster ride of live-streaming application Meerkat continued with its announcement that it closed a funding round and its accompanying mission statement.

Meerkat took off at the South by Southwest gathering in Austin, Texas, earlier this month, only to see Twitter cut off access to its application-programming interface, blocking competition to the live-streaming app it launched with recent acquisition Periscope.

Perhaps in response to questions of how it can survive and thrive without access to Twitter’s API, Meerkat wrote in its post announcing the funding round:

It is neither simple to broadcast from a mobile device nor to discover and consume live content on a mobile device.

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