Join top executives in San Francisco on July 11-12, to hear how leaders are integrating and optimizing AI investments for success. Learn More

Vuze, an high-definition internet protocol television service based out of Palo Alto, Calif., has picked up $20 million in a third round of funding.

The company, which was previously known as Azureus, says its downloadable client has been installed 15 million times. However, it did not disclose how many active users it has.

Vuze isn’t the only company to receive a large amount of funding for IPTV recently. Two weeks ago, VentureBeat reported that Avail Media had raised $25 million for its own offering.

The Vuze funding was led by New Enterprise Associates, while previous investors BV Capital, Greycroft Partners and Redpoint Ventures also participated. Vuze has now raised a total of $34 million.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.