CLEVELAND — They are the company behind the camera. And also one of the fastest growing tech firms in Cleveland.
Now, BoxCast is getting a big boost from tech investors.
The Cleveland-based company developed the technology your church may use to stream services, or your high school uses to broadcast sports. Playhouse Square has even turned to BoxCast for help during the pandemic.
BoxCast has announced a $20 million investment from a private equity firm and audio manufacturer, Shure. This will help the company continue to innovate and also create more jobs.
"The biggest part of growth for us I've said was in hiring people, because we want to build product," says CEO Gordon Daily. "I mean the beginning and end of BoxCast really is the technology, that then gets fun for our sales team to sell, but we want to invest in that right now. We're probably looking to hire 40 people just to build technology over the course the next year and so a lot of the investment is in making the tools better for organizations so they can reach their audiences."
Daily is a Case Western Reserve University graduate who started BoxCast with a few other partners in 2013. He says this investment allows the company to double their staff and puts Cleveland on the map for innovation outside of Silicon Valley.
BoxCast currently has 55 employees, including 48 who live in the Cleveland/Akron area. The company has more than 6,800 customers worldwide.