Vantrix, helps publishers deliver video to fragramented mobile market, raises $12M more

September 12, 2007 | Matt Marshall

Vantrix, a Montreal, Canada company that helps publishers deliver video and other data across multiple handsets via various carriers, said it has raised $12 million in a second round of financing.

An increasing number of companies are focused on the thorny problem of video and audio transmission across today’s fragmented mobile landscape — characterized by hundreds of different phones and protocols.

Competitors include Quickplay and Dynetic.

Vantrix says it has customers like AT&T, Orange, and ABC News. It is active in the U.S. and Asia, but is seeing significant demand for its services in India, it says.

In a statement, it said Chicago’s JK&B Capital led the round, and existing investors SummerHill Venture Partners (the venture arm of Bell Canada Enterprises), Entrepia Ventures, BDC Venture Capital, and Innovacom (the venture arm of France Telecom), participated.

It has now raised a total of $24.4 million.

In the statement, Manish Jha, CEO of Vantrix said: “Delivering rich media on mobile phones should not be hindered by obstacles such as the fragmentation of devices, screen sizes, codec types, content formats, media player characteristics and network incompatibility issues. Vantrix helps content providers and carriers worldwide overcome these barriers to deliver ubiquitous and compelling new mobile services to consumers.”

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.