Adobe Helps Push Investment in MobiTV over $100 Million

Man, Adobe has been busy on the investment front. First it was Bunchball, now word is that they’ve put in some of the $30 million dollars that MobiTV announced receiving today. The $30 million puts MobiTV over the $100 million dollar funding mark (in the Series C round).

Very interesting move by both MobiTV and Adobe. MobiTV arguably has the most traction in the enticing-yet-unfulfilled mobile TV market, and they leverage a lot of Adobe technology to provide that. In addition, they have a bunch of content deals, which is quickly becoming the golden egg for media companies. It’s one of the reasons Brightcove made such a splash earlier this week.

Now I’m not sure if this is part of the aforementioned $100 million that we heard about at MAX, but Adobe does seem to be jumping to companies with more regularity this week, which I doubt is a coincidence. I still haven’t been able to talk with Adobe about the VC announcement, but I’m hoping to because I know a lot of developers out there want more info about the fund.

[tags]MobiTV, Adobe, venture capital[/tags]

Related posts:

  1. Own Adobe Stock? You Are Making a Ton of Money Today
  2. Adobe Starting to Dole Out Cash?
  3. Adobe Q1 Conference Call – Flex 2 ETA is June
  4. It Must Be Secret Party Time at Adobe
  5. The Storm Clouds are Brewing – Adobe vs. Microsoft