Mobitv, an Emeryville, Calif.-based provider of IP-based video delivery solutions, raised over $50M in funding.
Backers included Oak Investment Partners, Ally Financial, and Cedar Grove Partners.
The company intends to use the funds to accelerate its international presence and to strengthen its platform for PayTV operators.
Led by Charlie Nooney, Chairman and CEO, Mobitv provides a white-label, end-to-end streaming video solution, which enables Pay TV operators to launch a branded, thoroughly compliant, fully-featured app-based Pay TV service.
MOBITV CONNECT can be deployed through either a managed service or in-network offering, allowing the Company to address operators of all sizes, in a cost-effective manner.
Customers like Citizens Fiber, Windstream, and EPB have all used the platform to power their cable offering, while more than 350 networks such as A+E Networks, AMC Networks, Crown Media Family Networks, C-SPAN Networks, Disney and ESPN Media Networks, SHOWTIME®, Viacom, and others have granted MOBITV hosted streaming delivery rights, enabling helping operators go to market faster.