San Mateo, Calif. – Conviva, a provider of video streaming
services to media companies, said on Wednesday that it has raised $15 million
in its third round of financing.
GGV Capital led the investment round; existing
investors Foundation Capital, New Enterprise Associates and Pelion Venture
Partners also participated.
Founded in 2006, San Mateo, Calif.-based Conviva
has optimized over a billion video streams for its clients, who include movie
studios, networks, sports leagues and content aggregators.
The company will use
the funds to expand its global footprint, for product development and to invest
in new industry segments.