TVU Networks secures new round of funding

Funding from SoftBank Ventures Korea, Altos Ventures, and New Atlantic Ventures will be used to advance its innovations in the IP newsgathering contribution technology.
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TVU Networks has secured a new round of investment funding, the company said Feb. 19.

SoftBank Ventures Korea (SBVK) has joined TVU's initial investors Altos Ventures and New Atlantic Ventures in providing a new round of funding that the company said will enable it to accelerate its innovation in IP-based video transmission, management and distribution solutions.

Over the past three years, TVU Networks has provided next-generation IP newsgathering technology that has been used in the field by stations and reporters. The company introduced its HD newsgathering backpack, the TVUPack TM8100, in early 2010.