MobiTV, one of the first startups that started running mobile video services in the U.S. in 2003, has raised another $70 million, led by Oak Investment Partners. That’s the company’s third round of funding, to bring the company’s total to $85 million, making it one of the more well-funded startups in the wireless industry.
The company says it already has 1 million subscribers and plans to use the funds for “rapid expansion” in international markets. The company has been adding international partners beyond its U.S. base, including the U.K., Canada, Peru, Mexico, Puerto Rico, Ecuador and the Dominican Republic.
But in addition to growth, this year MobiTV is looking to add broadcast-style capabilties with a variety of mobile TV standards, like DVB-H, Qualcomm’s MediaFlo and DMB. At CTIA this year the company was testing its service over DVB-H and at that time told me they plan to add DVB-H compatibility in the coming months. After DVB-H the plan is to add compatibility with most of the other standards. The company has even worked with IP Wireless technology.
Only a few months ago I recently realized how big MobiTV has been getting, with its over 150 employees, when I first noticed their red-n-green logo shining off of the 580 in Emeryville. With this funding, they’ll shortly get considerably bigger.