Vuze takes $20M for IPTV
Vuze, an high-definition internet protocol television service based out of Palo Alto, Calif., has picked up $20 million in a third round of funding.
The company, which was previously known as Azureus, says its downloadable client has been installed 15 million times. However, it did not disclose how many active users it has.
Vuze isn’t the only company to receive a large amount of funding for IPTV recently. Two weeks ago, VentureBeat reported that Avail Media had raised $25 million for its own offering.
The Vuze funding was led by New Enterprise Associates, while previous investors BV Capital, Greycroft Partners and Redpoint Ventures also participated. Vuze has now raised a total of $34 million.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.