Conviva Garners $15,000,000 Series C Financing

  • Feed Type
  • Date
    9/15/2010
  • Company Name
    Conviva
  • Mailing Address
    Two Waters Park Drive San Mateo, CA 94403
  • Company Description
    Conviva was founded by Carnegie Mellon and U.C. Berkeley researchers who are leaders in Internet systems research. Conviva’s Coordinated Video Distribution System (CVDS) offers tremendous benefits to content owners and network service providers that are participating in the dramatic rise in Internet video traffic by providing cost reduction, improved scale, improved QOS and consumer experience, and other benefits.
  • Website
    http://www.rinera.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    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.
  • M&A Terms
  • Venture Investor
    GGV Capital
  • Venture Investor
    Foundation Capital
  • Venture Investor
    New Enterprise Associates
  • Venture Investor
    Pelion Venture Partners

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