Finance

Conviva Adds $40M in Strategic Funding Round

Time Warner Investments among participants 6/15/2017 9:42 AM Eastern

Conviva, an over-the-top TV data business, said it raised $40 million in strategic funding from new and existing investors.

Participating in the round of funding were existing investors Time Warner Investments, New Enterprise Associates and Foundation Capital, plus a new investor, Future Fund.

Conviva has software sensors that are deployed on 2.5 billion devices globally and measure more than 1 billion streaming minutes per day of premium video for HBO, Sky Turner and other content companies.

The company said it saw 80% growth in viewing minutes in 2016 and expects 150% growth in 2017.

Read more at broadcastingcable.com.

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