You.i TV has raised a sizeable Series B round from notable investors. The Ottawa-based company secured $12 million in capital, led by Time Warner Investments.
You.i TV’s platform powers the design, development, and delivery of immersive user interfaces for video applications across multiple devices. Additional funding in the round has come from new investor Vistara Capital Partners, and existing backers Kayne Anderson Capital Advisors.
The capital is being used to further accelerate You.i TV’s response to demand for its products, to enhance its app designer workflow IP, and to continue to grow partner channels. Scott Levine, Managing Director of Time Warner Investments, will join the You.i TV Board.
“Delivering video directly to consumers is becoming vital to the media industry, and offering a compelling user interface and app experience is an important piece of this value chain,” says Levine. “We were immediately impressed with the You.i TV products, seeing how they create high-quality, unique branded experiences across multiple device platforms, while powering higher engagement rates with users.”
The Time Warner Investments portfolio includes, Mashable, Krux, and Bustle.
“The industry is in a race to ‘own the glass’ on devices big and small – from the 10ft to the fully mobile experience – and You.i TV has unlocked the art of gaining and retaining user attention,” says Jason Flick, CEO of You.i TV. “When it comes to being ahead of the trend, Time Warner Investments is the best in the industry and choosing You.i TV is a ringing endorsement for the impact our products are having in market.”