Tuesday, November 16, 2010

Ortiva Wireless Raises $8M

La Jolla-based Ortiva Wireless, a developer of mobile video optimization technology, confirmed Tuesday afternoon that it has raised $8M in its Series C funding. The round was led by Intel Capital, and also included current investors Comcast Interactive Capital, Artiman Ventures, and Mission Ventures. Ortiva's technology is used to optimize the delivery rate of video to mobile phones, based on network conditions and available bandwidth. Ortiva said the new funding will go towards expanding sales, marketing, and engineering resources at the company. The new funding brings the company's total raised to over $35M. The new Series C was first uncovered by socalTECH in October. More information »

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