Veset, a privately owned Latvian-founded company with headquarters in the UK, provides software-as-a-service (SaaS) playout solutions for video processing and playout. Established in 2011, the company, which employs approximately 20 people, serves broadcasters and managed service providers. Its revenue in 2023 was less than $10 million. Veset is a subsidiary of PLAY (Japan).
Veset announced a partnership with a Japanese broadcaster on April 2nd, 2025. This collaboration involved integrating JPEG XS and Multicast networking capabilities into Veset Nimbus, a cloud-based playout solution utilizing AWS infrastructure. A separate announcement detailed a partnership with MainConcept to integrate MainConcept's JPEG XS SDK into Veset Nimbus. This integration aims to allow broadcasters to use JPEG XS technology for high-quality, low-latency live TV.
Veset offers 3 products in the media tech and ad tech industries. Veset's product portfolio comprises of premium video and CTV and video processing and playout.
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Veset's revenues were less than $10M in 2023. Caretta Research has split Veset's revenue into 3 different product categories, the largest of which is video ad insertion. For full access to Veset's revenue breakdown subscribe to Caretta Portal.
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Veset's customers primarily consist of broadcast television and radio and media Production companies. Examples of Veset's customers include Record, TED and ProSiebenSat.1 Media. Veset has commercial and technical partners like PLAY (Japan), Bitcentral and Levira. Veset has suppliers like MainConcept.
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