Blog Post

Widevine Raises $15 Million From Samsung, Others For Video Delivery Technology

Digital video technology company Widevine has raised $15 million in its latest round of funding. Samsung Ventures, cable operator Liberty Global and a third, undisclosed corporation provided the investment; Widevine’s release mentions the “second-largest satellite provider” — meaning it could be U.S.-based *DirecTV* or rival Dish Network.

The investment comes amid increased interest in tech platforms like Widevine’s that can deliver, track and verify video content, no matter which web-enabled device a viewer wants to watch it on. The company recently inked a deal with Sonic’s CinemaNow to provide the DRM for its new USB-based video download service. In a statement, CEO Brian Baker said Widevine would use the money for product development, customer acquisitions and to “defend” the company’s intellectual property.

Widevine has raised over $50 million in funding in total, including a $16 million round from Cisco (NSDQ: CSCO) and Canadian telecom Telus in 2006; other backers include Constellation Ventures and VantagePoint Venture Partners.