Conviva Streams $15M

9/16/10

San Mateo, CA-based Conviva, which makes “dynamic bit rate adjustment” software that smooths Interview video viewing experiences by adapting the resolution of video stream to the available bandwidth, said yesterday that it has collected $15 million in Series C financing. GGV Capital led the round, with existing investors Foundation Capital, New Enterprise Associates, and Pelion Venture Partners joining in. The company, which has now collected $44 million in venture cash overall, says it will use the new funding to expand globally, “drive continued technology innovation,” and invest in new industry segments.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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