Wednesday, September 15, 2010

Conviva Lands $15M

San Mateo-based Conviva, a provider of online video streaming technology, said today that it has raised $15M in a Series C funding round. The round was led by GGV Capital, and also included prior investors Foundation Capital, New Enterprise Associates, and Pelion Venture Partners. The firm said the new funding brings its total raised to $44 million. The company said it will use the funding to expand into global markets. Conviva's technology is used to monitor video streams and predict interruptions to adjust the adaptive bit rate of videos. More information »