Australian operator Telstra holds a multimillion dollar equity stake in Taiwanese video big data and analytics company, Gorilla Technology Group, via its recent investment through Telstra Ventures. According to Telstra international president Tim Chen, the retail, security, broadcast and government sectors could benefit from Gorilla Technology Group’s scheduling and management offering, along with its video analytic software solutions—which is set to be integrated into Telstra’s network. Chen also added that Gorilla’s software solutions will enable their business customers to convert raw video into searchable data and real-time searchable video cataloguing. By integrating its solutions into Telstra’s international connectivity and data centers as well as cloud services, the technology company will be able to offer it to business and government customers worldwide.
Telstra is the dominant operator in Australia’s telecom market, which is a very active sector of the country’s economy. Its venture with Gorilla Technology Group is not the first equity investment that Telstra Ventures has made in technology companies, as is evidenced by its pumping money into Australian cloud-based business process guidance software solutions provider Panviva in December 2014 and its role as a backer in funding rounds for electronic signature company DocuSign and e-commerce platform provider Big commerce earlier in 2014. Telstra also took control of Silicon Valley-based video streaming and analytics company Ooyala in August 2014.