Veset, a privately owned company headquartered in Latvia and a subsidiary of PLAY (Japan), was founded in 2011. Operating with approximately 20 employees, it reported $2.7M in revenue as of 2025 and is identified as a tier 3 media tech buyer. The company specializes in video processing and playout, offering SaaS playout solutions that target broadcasters and managed service providers for live and linear content.
On March 31, 2026, details emerged regarding a new free-to-air children's channel, tailored for the Turkish market, which aims to deliver high-quality, fully localized content for audiences ranging from preschoolers to young adults through a carefully curated selection of dubbed programs. Previously, on February 16, 2026, Veset was selected by a major children’s media group in the MENA region to power the cloud playout for this newly launched kids’ TV channel, utilizing Veset Nimbus. This selection supports the broadcaster’s expansion of its linear channel portfolio, following a successful initial deployment in 2025. Earlier, on February 2, 2026, leading Mexican broadcaster TV Azteca adopted Veset Nimbus on AWS as a disaster recovery playout solution for its adn40 network, enhancing broadcast continuity and operational resilience as part of its overarching 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 broadcast television and radio, non-profit Organizations and telecoms companies. Examples of Veset's customers include ProSiebenSat.1 Media, TED and Telekom Malaysia. Veset has commercial and technical partners like Levira, PLAY (Japan) and Bitcentral. Veset has suppliers like MainConcept.
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