Martech Startup Conviva Brings In $40 Million

Conviva just closed $40 million in financing. Four investors contributed to the round: New Enterprise Associates, Future Fund, Foundation Capital, and Time Warner Investments.

Conviva serves the changing business of television with a big data platform that enables online video providers to deliver an optimal viewing experience. Conviva’s Intelligent Control Platform uses a powerful combination of data from billions of real-time streams, combined with Conviva’s advanced algorithms, to give content publishers control over video delivery by helping them analyze, identify, and preemptively avoid Internet bottlenecks and breakdowns.

Conviva partners with premium entertainment, news, sports and media brands, as well as leading service providers in 180 countries to enrich their streaming video business. The company delivers a TV-quality experience over any network, to any device, at any time. Current clients include HBO GO, ESPN, AEGMedia, VEVO, NBC, Turner, and Disney.

According to the company, it is mainly active in the U.S. and Europe but plans to expand into Asia Pacific and Latin America with this round.