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Zencoder is a cloud-based video encoding service launched in 2010. Zencoder offers video transcoding, ingest, and syndication via web service APIs. Zencoder is backed by leading investors, including five of the top ten angel investors in the US according to Business Week. In 2008, Zencoder partnered with On2 Technologies to create Flix Cloud, an online video encoding service. Google acquired On2 in 2010, and Flix Cloud was shut down later that year. Zencoder launched as a new transcoding service in May 2010 after the company participated in the Y Combinator startup accelerator. In 2011, CloudHarmony benchmarked the transcoding speeds of four cloud encoding platforms, including Zencoder.