Uplynk, a cloud-based streaming platform, has successfully transitioned to an independent company. This follows the completion of Edgio Inc.’s Chapter 11 restructuring process, marking a new chapter for the company.
The platform is now privately owned by Lynrock Lake Master Fund LP, a fund managed by Lynrock Lake LP. This acquisition followed Edgio's (formerly Limelight Networks) June 2022 acquisition of Edgecast from Yahoo Inc., which included Uplynk. Edgio’s subsequent Chapter 11 filing on September 9, 2024, led to the sale of Uplynk for approximately $110 million. Akamai Technologies acquired separate assets from Edgio.
Eric Black, CEO of Uplynk, expressed optimism about the future. “As a standalone, private company with Lynrock’s strategic backing, we’re in a strong position to invest in our platform and accelerate growth,” Black said. This sentiment was echoed by Cynthia Paul, CEO and chief investment officer of Lynrock Lake LP, and now chairperson of Uplynk’s board. She highlighted the opportunity to strengthen customer relationships and continue providing high-performance video workflows.
Uplynk's plans include expansion of its managed services and modular product offerings, while continuing to support live, linear, and on-demand workflows. The platform boasts impressive reach, currently delivering more than 100 million hours of viewing each month across a variety of devices.