Sunday, August 24, 2008

Conviva Raises $20 Million for its Live Media Platform

Conviva, a start-up based in San Mateo, California, raised $20 million in Series B funding for its LIVE media platform.

Conviva said its C3 platform is built for live media from day one. This would enable content owners to create a new "virtual living room" audience experience and improve the economics of digital media on the Internet.

UV Partners led the funding round, with participation from Series A investors New Enterprise Associates (NEA) and Foundation Capital. The funding brings Conviva's total amount raised to $29 million and will help the company expand its global platform, accelerate product development, and invest in business development with key customers.

  • Conviva is headed by Carlos Ramón, who previously was General Manager of Akamai Technologies' international business.

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