LiveU Raises $9M for Live Broadcasting Hardware

LiveU, a mobile live broadcasting system, has raised $9 million in Series B funding, according to Globes Online. We first covered the company in our “One to Watch” feature in February.

The Kfar Saba, Israel-based startup has built a piece of hardware meant to displace television news satellite-transmission trucks. It combines existing cellular, Wi-Fi and WiMAX signals to transmit live video. Half the size of a laptop, the device can (supposedly) reliably and cheaply deliver up to 2 MB per second.

When we wrote about LiveU, it was in tests with Keshet TV; its customers now include “Sport One and community sites in the U.S.,” according to Globes Online.

The new funding comes from previous backer Canaan Partners as well as Carmel Ventures. Two-year-old LiveU had previously raised $3 million in Series A funding, so we believe it has now raised a total of $12 million.