Restream, a company that lets users simultaneously broadcast live video to multiple social networks, has raised $50M in Series A financing.

The investment was led by Sapphire Ventures and Insight Partners. Sapphire Venture’s Paul Levine and Insight Partner’s Teddie Wardi has joined the Restream board in connection with the funding.

In another development, Restream is launching the Restream Studio out of beta.

Restream users have used the live streaming tools to broadcast roughly 95 million live streams to more than one billion viewers around the world, according to the company.

Restream is headquartered in Austin, Texas; with offices in Ukraine.

[Image courtesy: Restream]