Media technology provider Amagi said it had raised more than $100 million from General Atlantic at a $1.4 billion valuation. The latest valuation is higher than the $1 billion valuation the company reached in March after raising $95 million from Accel, Norwest Venture Partners and Avataar Ventures.

The company said the latest financing includes $80 million in junior capital. Additionally, the company said it has surpassed $100 million in annual revenue run rate (ARR) “after a record second quarter (July-September).”

Amagi provides solutions for creating, distributing and monetising live and on-demand channels on cable, OTT and other platforms worldwide. The company said it would use these plans to strengthen its customer support infrastructure and invest in artificial intelligence (AI)-driven personalisation, advertising and other live-streaming solutions.

Warner Bros Discovery, Fox Networks and NBCUniversal are some of Amagi’s customers. The company has also brought its services to Germany, South Korea and Australia.