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Conviva Collects $15 Million Fourth VC Funding

Tuesday, February 07, 2012 5:57:00 AM PDT | VentureDeal Staff

  San Mateo, California  --  Internet video company Conviva said that it has received $15 million in its series D round of institutional and strategic venture capital investment.

Conviva has created what it calls its "Coordinated Video Distribution System" that it says reduces costs and improves quality of service for the distribution of video on the Internet.

Time Warner Investments lead the round, which also included undisclosed previous investors.

The company said it would use the financing to accelerate its growth in international markets.

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