Veset, a Privately Owned company headquartered in Latvia and a subsidiary of PLAY (Japan), was founded in 2011, employs approximately 20 individuals, reported $2.7M in revenue as of 2025, and is classified as a tier 3 media tech buyer. The company specializes in SaaS playout solutions for video processing and playout, targeting broadcasters and managed service providers with its offerings for live and linear content.
On March 31, 2026, a broadcaster launched a new free-to-air children's channel for the Turkish market, aiming to deliver high-quality, localized content for young audiences. This followed news from February 16, 2026, when a major children’s media group in the MENA region selected Veset to power the playout for its newly launched kids’ TV channel. The group chose Veset Nimbus to support the expansion of its linear channel portfolio, continuing a partnership established by a successful first deployment in 2025.
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 non-profit Organizations, telecoms and broadcast television and radio companies. Examples of Veset's customers include TED, ProSiebenSat.1 Media and Telekom Malaysia. Veset has commercial and technical partners like PLAY (Japan), Bitcentral and Levira. Veset has suppliers like MainConcept.
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