Conviva obtains $15 million in venture funding

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San Mateo, Calif.—Online video technology company Conviva Inc. has secured $15 million in venture funding in a third financing round led by GGV Capital. The company's current investors, New Enterprise Associates, Foundation Capital and Pelion Venture Partners, also were participants.

Conviva has now raised a total of $44 million to advance the market for its technology, which stabilizes video streaming by predicting and solving stuttering and buffering.

The company's technology was used by this year's World Cup soccer championship, managing more than 200 million streams. Other customers include NBC Universal, Univision, and Yahoo.

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