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Ortiva Wireless Gets $15 Million Second Round From Comcast’s Venture Arm

Ortiva Wireless, the mobile video tech startup, has received $15 million in its second round of funding. The round was led by Comcast Interactive Capital. Ortiva’s President and CEO, DeWayne Nelon, said that the company would use the funding to expand the sales team and expand into other international markets—Ortiva is in the US and Europe, and is targeting Asia Pacific. The first round of funding was $12 million in 2005. La Jolla, CA-based Ortiva has a server-side solution which was built for mobile to improve mobile video transmission—it claims the technology uses 15-40 percent less bandwidth and handles noise and packet-loss issues. It targets content providers for off-portal and carriers for on-portal, and is closing a deal with a US carrier, and counts GoTV as a customer.

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June 25, 2007 - Posted by | Best mobiles

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