Veset, a privately owned company headquartered in Latvia and a subsidiary of PLAY (Japan), functions as a tier 3 media tech buyer. Founded in 2011, Veset employs approximately 20 individuals and reported $2.7M in revenue as of 2025. The company specializes in video processing and playout, offering SaaS playout solutions for live and linear content, targeting broadcasters and managed service providers.
Veset supported the launch of a new children's TV channel in the MENA region on February 16, 2026, after a major children's media group selected Veset Nimbus to power its playout. The broadcaster, known for delivering educational content, chose Nimbus to expand its linear channel portfolio, building on a successful initial deployment in 2025. Earlier, on February 2, 2026, Mexican broadcaster TV Azteca adopted Veset Nimbus on AWS as a disaster recovery (DR) playout solution for its adn40 network. This implementation ensures broadcast continuity and operational resilience as part of TV Azteca's cloud strategy.
Veset offers 3 products in the media tech industry. Veset's product portfolio comprises of video processing and playout.
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Veset's revenues were less than $10M in 2025. Caretta Research has split Veset's revenue into 2 different product categories, the largest of which is linear playout. For full access to Veset's revenue breakdown subscribe to Caretta Portal.
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Veset's customers primarily consist of media and TV services, broadcast television and radio and telecoms companies. Examples of Veset's customers include ProSiebenSat.1 Media, TED and Telekom Malaysia. Veset has commercial and technical partners like Levira, Bitcentral and PLAY (Japan). Veset has suppliers like MainConcept.
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