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Indian founded ViVu raises $3 Million
By siliconindia
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Bangalore: Sunnyvale, California-based ViVu, an online video conferencing platform, has raised $3 million in Series A funding. This round of financing is led by Inventus Capital Partners with Draper Fisher Jurvetson, Quest Venture Partners and entrepreneur Bill Carrico participating.
As reported by the VentureBeat, the new funds will be used by the company to bring its service in the market. It plans to commercialize its video service, which allows users to schedule video events, invite participants, host them in a streamlined interface, and index past events. ViVu provides a suite of publishing tools, providing users the option of embedding video events on web sites or in emails. According to the company, it also integrates with other Web 2.0 tools to up its interactivity quotient. It also said that its users could correspond with one another via live video or Twitter. When scheduling a webinar or video event, invitations can be sent that sync with Outlook (with a plug-in) and Google Calendar. All of the material produced and archived with ViVu is stored in the cloud, retrievable from anywhere at any time.
The company charges subscription fees for its various services. A single user would pay $49 a month for unlimited use, though a 30-day trial is available. According to ViVu, it distinguishes itself by syncing with a full range of video recording and streaming products, even smartphones. Claiming that it is easily scaled, ViVu also said that the users do not have to worry about messy downloads or installations in order to connect face-to-face over video. They can use it to host a private conference call between two people like a conversation over Skype or Google Video Chat. Also, the users can use it to record and broadcast a 200-attendee training session.
Inventus Co-founder Kanwal Rekhi said in a prepared statement, "ViVu's founding team is what first caught our attention but they sealed the deal by demonstrating a real solution for an existing market need and backing it up with early customer success." ViVu was founded in 2008 by Sudha Valluru and Siva Kiran, where Valluru has more than 20 years of experience in video, telecom and call centers, and Kiran has worked at Alcatel-Lucent and Yahoo Research. Currently, there are about 10 employees in the company.
