Veset, a privately owned company headquartered in Latvia and a subsidiary of PLAY (Japan), was founded in 2011. It 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. Veset targets broadcasters and managed service providers with its playout solutions for live and linear content.
Veset will attend IBC2026 from September 11-14 in Amsterdam, where it plans to represent STREAKS, an OTT platform from its parent company PLAY Inc., on the international stage for the first time, and demonstrate new Veset Nimbus capabilities. This follows its representation of PLAY Inc., a Japanese video technology and streaming solution provider, at Radical Moves' annual pre-IBC Press Day in London on August 25. Earlier, on August 21, Veset made its all-in-one cloud playout and linear channel management platform, Nimbus, available on Hetzner Cloud infrastructure, providing broadcasters with additional deployment flexibility and choice alongside existing partners. On August 6, the company introduced the Veset Nimbus MCP Server, a new integration connecting Claude Anthropic's AI assistant directly to the Nimbus playout platform using the Model Context Protocol (MCP).
Veset offers 4 products in the media tech industry. Veset's product portfolio comprises of video business systems and 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 3 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 Production, telecoms and broadcast television and radio companies. Examples of Veset's customers include TED, Telekom Malaysia and TV Azteca. Veset has commercial and technical partners like PLAY (Japan), ViewNexa and Levira. Veset has suppliers like MainConcept.
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