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News & Features Technology LiveU raises Series C funding of $11m

LiveU raises Series C funding of $11m Featured

Written by Entrepreneur Country on Wednesday, 03 November 2010 08:26
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LiveU, which develops and markets real-time video technologies and solutions for live video transmissions over wireless networks, has announced that it has secured $11 million in Series C funding, led by Pitango Venture Capital and existing investors Carmel Ventures and Canaan Partners.

 

The latest Series C round of funding totals of $11m and brings the Company's total financing from its backers to $23m. Its current customers include TV networks, news agencies and online media giants. The LiveU platform has been used extensively recently to provide coverage of a variety of major global events including the Football World Cup in South Africa, the Beijing Olympics and G20 Summits.

 

LiveU say they provide the most advanced technology and equipment for leveraging wireless network infrastructure as a video delivery channel, supported by the service packages.

 

LiveU recently launched its next-gen HD platform, featuring advanced RF technology for resilient transmission even in poor cellular reception areas, in addition to affordable worldwide roaming.

 

 

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