Conviva (CMU) Secures $15 Million Round of Funding Led by GGV Capital (9/15/2010)

Conviva is a CMU spinoff delivering high quality video experiences.

Conviva Inc., an advanced streaming solutions provider, today announced that it has closed a $15 million Series C round of funding, bringing Conviva’s total amount raised to $44 million since its launch in 2006. GGV Capital led the round with participation from existing investors Foundation Capital, New Enterprise Associates (NEA) and Pelion Venture Partners (formerly UV Partners). Conviva has optimized over a billion video streams for some of the largest broadcasters on the Internet and will use the new financing to expand the company’s global footprint, drive continued technology innovation and invest in new industry segments to meet the growing demand for high-quality, high-definition (HD) online video. [read more]

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