LiveU has raised $27 million in a funding round. The round was led by new investor Lightspeed Venture Partners, with participation by existing investors: Canaan Partners, Carmel Ventures and Pitango Venture Capital. To date, LiveU has raised around $50 million.
David Gussarsky, Lightspeed’s managing director, joins LiveU’s board.
The company recently introduced its laptop and mobile app (iPhone/iPad) solutions using multiple connections and a unified management platform.