Media conglomerate Time Warner led a $15m investment in US-based video streaming technology company Conviva on Monday, through its corporate venturing fund, Time Warner Investments (TWI). The series D capital takes Conviva’s total funding to $59m since its launch in 2006, with backers also including venture capital firms New Enterprise Associates, GGV Capital and Pelion Venture Partners, and investment firm Foundation Capital. Conviva estimates that its technology, which pre-emptively adjusts the stream source and video bit rate, improves the quality of more than a billion streams each month, eliminating buffering and stalling. The funds will be used to hire additional staff as Conviva aims to accelerate international growth. Scott Levine, managing director at Time Warner Investments, said: “Conviva is the leader in the pre-emptive video stream optimisation and video-specific analytics space, and we hope this round of funding will fuel their fast growth. We are excited to invest in such an important strategic partner to two of our divisions, HBO and Turner Broadcasting.” Levine joined Time Warner Investments last year. The investment comes two weeks after TWI led a $12m series B round for social TV analytics company BlueFin Labs. The fund is primarily strategic, and seeks out companies with technology compatible with existing Time Warner products.
- News & Analysis
- Global Corporate Venturing
- Global University Venturing
- Latest News
- Deal Data
- Community & Events
No stalling for Time Warner on Conviva
Feb 7, 2012 • Robert Lavine
LEADERSHIP SOCIETYInforming, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
Featured ContentFUNDING ROUND DATA Which corporates are backing which startups? Search our corporate deal database.
FUNDING ROUND DATA
Which corporates are backing which startups? Search our corporate deal database.NOMINATE Nominations for the GCV Powerlist 2024 are now open
Nominations for the GCV Powerlist 2024 are now openEventsWebinar: Startups and Strategics – What works and what doesn’tEventsGCV Institute: Landing the Value of Corporate VenturingTop News
GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.test reg