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MobiTV handed last chance funding to completely switch its technology

You may be excused for thinking that MobiTV is a company that had gone into profit many years ago, but although the company keeps trying and to some extent dominates mobile video in the US with deals at Verizon, Sprint, T-Mobile and AT&T, it has had to go for another round of funding. So far it has taken down $163.8 million of funding in around 8 rounds since 2001. The last was $16.5 million in 2013, involving one of this round’s investors Oak Investment Partners. Before that it had no money since 2008. This round is for $21 million and the cash came from Oak Investment Partners and Ally Corporate Finance and it is saying that funding is to accelerate…

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