72.6 F
San Diego
Saturday, Jul 13, 2024
-Advertisement-

VC Firms Stream $27M Into Mobile Device Video Provider Ortiva Wireless

Ortiva Wireless said June 25 that it raised $15 million in financing from Comcast Interactive Capital, which led the Series B round with participation from current investors, Mission Ventures, Avalon Ventures and Artiman Ventures of Palo Alto.

The company raised $12 million in the first round, for a total of $27 million in Series A and B financing.

President and Chief Executive Officer DeWayne Nelon said that the cash will be spent on expanding the sales staff as the business ramps up for a big marketing push.

“I’ve got us enough office space,” said Nelon. “The primary focus is going to be growing outside of here.

“We’re adding engineers and tech staff (in San Diego) and in India the majority is going to be our sales team.”

Ortiva produces technology to stream video over cellular networks, making adjustments to the data stream in real time based on the current network situation.

Nelon said that products such as Real & #173;Networks Inc.’s Real Player or Apple Computer Inc.’s Darwin that stream video to mobile devices aren’t designed for what he calls hostile wireless delivery environments.

“You’ll see poor resolution accompanied by stops and stalls (in the video),” said Nelon. “We attacked the myth that says you can’t deliver video services using existing networks. You can, if you have the tools designed to do it.”

Formerly from Dallas, Nelon said he was contacted by a recruiter to come look at the Ortiva technology.

“I was very impressed with the fact that there was no client that would let you watch video without downloading,” said Nelon.

“It’s frankly a phenomenal technology that’s (shaking things up) in our market , our customers have never seen anything like it.”

Ortiva has signed an agreement with wireless content provider GoTV of Sherman Oaks to deliver video. On June 25, Ortiva said GoTV had already put some mobile content on Ortiva’s network.

Previously, GoTV used video-streaming technology from Cambridge, Mass.-based Akamai Technologies Inc. , the leader in wireless network delivery, according to Nelon. He said, however, that Akamai’s platform was not designed to deliver content to mobile handsets.

Ortiva technology was developed and patented by a team from UC San Diego, led by faculty member Sujit Dey.

The company licenses its technology and currently has eight patents in its portfolio.


Send finance news to Andy Killion via e-mail at

akillion@sdbj.com

. He can be reached at (858) 277-6359, ext. 3106.


Editor’s Note: The original version of this story had incorrect figures in the first and second paragraphs. The figures have been corrected.

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-