Envivio raises $25M for video compression
Envivio, a South San Francisco, Calif. company that handles video compression for broadcasting companies, has taken a significant $25 million financing.
The platforms that Envivio is aimed at include most of the largest markets — mobile TV, Internet TV and IPTV. The company works with standard video compression codecs like H.264 and Windows Media Video to make content more easily deliverable.
The funding amount is large, but not surprising. As video grows on the Internet, a number of companies have been picking up investments for compression services, including Veodia, Elemental Technologies, Move Networks and Inlet Technologies.
Envivio’s funding was co-led by Harbourvest, Atlantic Bridge and Samsung Ventures. Previous backers Crédit Agricole Private Equity, Crescendo Ventures, Innovacom (France Telecom), Harbinger Venture Management, Intel Capital, NTT Finance, Saints Capital, Sigma Designs and Solidarity Fund QFL also participated.
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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.