Widevine Technologies Lands $15,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fd8b0d82-9c9e-4ff0-9ca8-1bb0d3e86a22&Preview=1
Date
12/14/2009
Company Name
Widevine Technologies
Mailing Address
901 5th Avenue Seattle, WA 98164
Company Description
Widevine is the most widely deployed provider of content security solutions for IP video operators worldwide. Widevine enables telco, cable, fiber, satellite, internet and wireless service operators to generate new revenue opportunities through the secure distribution, identification and tracking of digital content.
Website
http://www.widevine.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company will use the new funds to support its customers, add new products and defend its legal rights, said Widevine chief executive Brian Baker. The company has 55 patents.
M&A Terms
Venture Investor
Liberty Venture Partners
Venture Investor
Samsung Ventures