Conviva Inc., a San Mateo, CA-based advanced streaming solutions provider, has closed a $15m Series C round of funding.
The round, which was led by GGV Capital, with participation from existing investors Foundation Capital, New Enterprise Associates and Pelion Venture Partners, brings the total amount raised by the company to date to $44m.
The company will use the new funds to expand globally, drive continued technology innovation and invest in new industry segments.
Launched in 2006, Conviva has served major studios, leading networks, premier sports leagues and top content aggregators, to address the exploding demand for clear and reliable Internet video.
The company’s proprietary switching technology predicts when an interruption is about to occur and eliminates the causes of choppy, unpredictable viewing for both live events and on-demand content.
FinSMEs
15/09/2010