Online platform delivery specialists Vantrix Corporation have secured $12 million in Series B financing, in a round led by JK&B Capital. Existing investors SummerHill Venture Partners, Entrepia Ventures, BDC Venture Capital, and Innovacom have also participated. Ali Shadman from JK&B Capital joins the Vantrix board as part of the deal.
Vantrix will use the proceeds from the round to expand the company’s operations globally and to invest in infrastructure and R&D to support the company’s growing customer base.
Vantrix offers a mobile focused rich media delivery platform; or in laymen’s terms it provides delivery tools that allow video to be easily viewed on cellphones. Manish Jha, CEO of Vantrix said that of the Vantrix platform: “Delivering rich media on mobile phones should not be hindered by obstacles such as the fragmentation of devices, screen sizes, codec types, content formats, media player characteristics and network incompatibility issues. Vantrix helps content providers and carriers worldwide overcome these barriers to deliver ubiquitous and compelling new mobile services to consumers.”