Conviva has closed a $15 million Series C round of funding that will help it continue to evolve its technology, expand into new industry segments and allow it to grow its international operations. The company, which in December named former NBC Universal VP and CTO Darren Feher as CEO and president, says it has now raised $44 million since it launched in 2006. GGV Capital led the round with participation from existing investors Foundation Capital, New Enterprise Associates and Pelion Venture Partners.
"Conviva's CEO, Darren Feher, along with founders Hui Zhang and Ion Stoica, have built a phenomenal team to address the surge in demand for high-quality online video," said Glenn Solomon, partner, GGV Capital. "Its customers consistently agree that Conviva is a 'must-have' to build an online video business. We believe Conviva will continue to experience strong momentum as it leads the next wave of HD-broadcast quality video."
During the 2010 FIFA World Cup the San Mateo, Calif.-based company managed more than 200 million streams, reached more than 30 million unique viewers and handled three billion viewer minutes worldwide.
For more:
- see this release
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