-->
Save your FREE seat for Streaming Media Connect in November. Register Now!

LiveU Takes in $27M in Funding, Will Develop New Products

Article Featured Image

Mobile broadcasting specialist LiveU has taken in $27 million in new funding, which is says it will use to speed up its new product development cycle, and also to expand in new markets around the world.

The funding round was led by Lightspeed Venture Partners, a new investor to LiveU. Existing investors Canaan Partners, Carmel Ventures, and Pitango Venture Capital also took part.

This brings LiveU's total venture capital investment to around $50 million.

As part of the funding, David Gussarsky, Lightspeed's managing director, will join LiveU's board of directors.

"We've been impressed by LiveU's management team, consistent track record, and strategic direction," says Gussarsky. "The Company has built a strong, global customer base and become the benchmark for video-over-cellular uplink technology. We're confident that LiveU will continue on its growth path, delivering innovative solutions that meet a real need, and we're excited to be part of their journey." 

LiveU was founded in late-2006. Its flagship product, the LU70, offers bonded 3G/4G LTE mobile uploading in a compact backpack.

"As we move from being a product-based to solutions-based company, this substantial investment will enable us to expand our mobile offerings, continue our technological innovation, and extend our geographical presence," says Samuel Wasserman, LiveU's CEO.

Streaming Covers
Free
for qualified subscribers
Subscribe Now Current Issue Past Issues
Related Articles

LiveU and Make.tv Partner for Cloud-Based Live Video Production

Combining live streams from remote locations with a browser-based video production studio feels like a perfect fit.

LiveU and Hitachi Partner on Pro Camera with Video Uplink

Those attending NAB might get a first look at the collaboration, which marries an LU40 uplink device with an Hitachi camera.

Ustream and LiveU Explain How to Live Stream on a Budget

Companies don't need to spend a fortune to live stream an event. In fact, pricing starts around $500.

LiveU Shrinks Its Newest Model

Despite its decidedly unsexy name, the LiveU LU40i offers very exciting new capabilities, including a rich array of Layer 2 interfaces

LiveU and Panasonic Make Live HD 3D Portable

Mobile solution for streaming 3D from any location will be demoed at IBC.

Companies and Suppliers Mentioned