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Periscope (app)

Periscope
Periscopelogotype.png
Original author(s) Kayvon Beykpour
Joe Bernstein
Aaron Wasserman
Tyler Hansen
Geraint Davies
Developer(s) Twitter
Initial release March 26, 2015; 23 months ago (2015-03-26)
Development status Active
Written in Go (server-side)
Operating system iOS, tvOS, Android
Available in Multilingual
Type Video streaming
Social networking service
Website www.periscope.tv

Periscope is a live video streaming app for iOS and Android developed by Kayvon Beykpour and Joe Bernstein and acquired by Twitter before launch in 2015.

Beykpour and Bernstein came up with the idea for Periscope while traveling abroad in 2013. Beykpour was in Istanbul when protests broke out in Taksim Square. He wanted to see what was happening there, so he turned to Twitter. While he could read about the protests, he could not see them.

They started the company in February 2014, under the name Bounty. They raised $1.5 million from Founder Collective, Scott Belsky, Maveron, Google Ventures, Menlo Ventures, Bessemer, Stanford – StartX and Sam Shank in April 2014.

Periscope was acquired January 2015 by Twitter before the product had been publicly launched. One investor source says the acquisition amount was "sizeable", above $50 million. Another says it fell between $75 and $100 million. A third says the deal was "small-ish".

The acquisition was officially announced in a tweet from Periscope and retweeted by Twitter CEO Dick Costolo on March 13 after the rival video streaming app Meerkat was a breakout hit at South by Southwest 2015 (March 13–17). Meerkat became the talk of SXSW partially due to Twitter cutting Meerkat off from its social graph just as the festival was starting.

Periscope was launched on March 26, 2015. Later, on May 26, 2015, Periscope was released for Android.

On August 12, 2015, Periscope announced that it had surpassed 10 million accounts, four months after it was launched. At the same time, the company noted that the amount of video being watched had reached a level of "40 years per day". On December 9, 2015, Apple named Periscope as the iPhone App of the Year. On January 26, 2016, the company released an update that allows users to stream live from GoPro.

In April 2016, as part of a wider partnership with Twitter to stream selected Thursday Night Football games, the NFL announced that Periscope would feature ancillary behind the scenes content from these games.


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