Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=189ffcb5-e43c-47d5-8880-45c3c977b700&Preview=1
Date 9/15/2010
Company Name Conviva
Mailing Address Two Waters Park Drive San Mateo, CA 94403
Company Description Conviva was founded by Carnegie Mellon and U.C. Berkeley researchers who are leaders in Internet systems research. Conviva’s Coordinated Video Distribution System (CVDS) offers tremendous benefits to content owners and network service providers that are participating in the dramatic rise in Internet video traffic by providing cost reduction, improved scale, improved QOS and consumer experience, and other benefits.
Proceeds Purposes Conviva has optimized over a billion video streams for some of the largest broadcasters on the Internet and will use the new financing to expand the company’s global footprint, drive continued technology innovation and invest in new industry segments to meet the growing demand for high-quality, high-definition (HD) online video.