Veset, a privately owned company headquartered in Latvia, with PLAY (Japan) as a parent company, was founded in 2011 and specializes in video processing and playout. With approximately 20 employees, the company reported $2.7M in revenue as of 2025. Veset is classified as a tier 3 media tech buyer. The company specializes in SaaS playout solutions, targeting broadcasters and managed service providers with its playout solutions for live and linear content.
Veset supported the launch of a new children's TV channel in the MENA region on February 16, 2026, after a major children's media group selected Veset Nimbus to power its playout. The broadcaster, known for delivering educational content, chose Nimbus to expand its linear channel portfolio, building on a successful initial deployment in 2025. Earlier, on February 2, 2026, Mexican broadcaster TV Azteca adopted Veset Nimbus on AWS as a disaster recovery (DR) playout solution for its adn40 network. This implementation ensures broadcast continuity and operational resilience as part of TV Azteca's 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 media and TV services, telecoms and broadcast television and radio companies. Examples of Veset's customers include ProSiebenSat.1 Media, Telekom Malaysia and TED. Veset has commercial and technical partners like Levira, Bitcentral and PLAY (Japan). Veset has suppliers like MainConcept.
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