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MobiTV wins new funding to support mobile video push to smaller operators

MobiTV’s funding round of $21m two years ago was interpreted as the last chance for the one-time mobile video pioneer to get its newer Connect product off the ground. Connect, in turn, represented the company’s U-turn from serving telco titans with mobile technology to delivering big screen services to Tier 2 and 3 cable operators. Yet here we are with another $50m in funding, led last week by existing investor Oak Investment Partners, which is clearly impressed with MobiTV’s change of direction. It brings the company’s total funding to around $214m since its founding in 1999 and as with the previous funding round, the fresh $50m is intended to accelerate the expansion of MobiTV’s Connect software – shifting from its…

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