Asset Manager

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Azuki Systems

Azuki Systems is leading the video delivery revolution to any screen over any network. Azuki’s solutions deliver rich, protected content to any device over any...

Azuki Systems logo

Azuki Systems

Azuki Systems is leading the video delivery revolution to any screen over any network. Azuki’s solutions deliver rich, protected content to any device over any network, allowing content owners, enterprises and service providers to capitalize on the explosive growth of smartphones, tablets and multiple screens. The Azuki Media Platform™ enables service providers, mobile operators and brand-name media to combine the power of over-the-top delivery with the highest quality of user experience, content protection, scale and reliability. Founded in 2008 and based in Acton, Mass., Azuki is led by an executive team renowned for repeated success in launching disruptive technologies and scaling companies that have solved key technology challenges and provided their customers with a competitive edge. Azuki Systems is now part of Ericsson. Visit http://www.ericsson.com/azukisystems for more information.

General information

Firm type

Asset Manager

Year founded

2008

Location

Region

North America

Country

United States

City

Acton

Corporate office

Acton, MA, United States

Principals

Cheng Wu

Founder & CEO

John Clancy

Co-Founder & CTO

Sector focus

Media & EntertainmentEnterprise Software

Frequently asked questions

What happened to Azuki Systems?

Ericsson acquired Azuki Systems in February 2014 for an undisclosed sum. The firm's technology was absorbed into Ericsson's Media Solutions division, part of a broader push to build Ericsson's presence in television and media delivery. Azuki no longer operates as an independent entity.

Who ran investment decisions at Azuki Systems?

As a venture-backed technology startup, major corporate and capital-structure decisions were led by Founder and CEO Cheng Wu, alongside the board of directors which included representatives from investors Sigma Partners, Kepha Partners, and Matrix Partners. There was no separate institutional investment committee.

What was Azuki Systems' core technology?

Azuki built an end-to-end platform for delivering protected, adaptive bitrate video to mobile devices. The stack covered ingest, transcoding, DRM, ad insertion, and a client-side rendering engine that allowed operator-branded user interfaces across iOS, Android, and other mobile operating systems without per-device native development.

What investment stages does Cheng Wu typically target?

Cheng Wu's pattern across ArrowPoint, Acopia, and Azuki has been to found early-stage infrastructure companies, raise institutional venture rounds, and exit within 5–7 years to large strategic acquirers — ArrowPoint to Cisco, Acopia to F5, and Azuki to Ericsson. He does not operate a family office or fund.

Is Azuki Systems still active?

No. Azuki Systems ceased independent operations following the February 2014 acquisition by Ericsson. Its technology, team, and intellectual property were folded into Ericsson's broadcast and media services unit. The Azuki brand is no longer used.

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