Kyte Takes $15 Million Series B

Next Story

VCs Push 3Guppies Into The Deadpool

kyte.jpgOnline video service Kyte has taken $15 million Series B in a round that included Telefonica, Nokia, DoCoMo, Swisscom, Holtzbrinck and DFJ. The new round brings total funding for Kyte to $17.25 million.

According to Kyte’s unofficial evangelist Robert Scoble, the announcement was streamed live on Kyte itself, which while demonstrating the product works perhaps compensates for the fact that no where on their site (at the time of writing) is there a written statement about the funding.

Kyte launched in April this year with a product that falls somewhere between Ustream and Twitter. Unlike many of its live streaming competitors Kyte offers a much richer two way experience, including support for text chat from within each video embed and the ability for users to drag drag photos, video and text into Kyte channels while interacting with others.

The investment will expose Kyte to a much broader audience with the raft of telco investors having hundreds of millions of users between them; Kyte could soon be coming to a mobile phone near you.

blog comments powered by Disqus