Kyte social communications platform enables partners – including media companies, social networks and mobile operators has raised $15 million

What Company Is Offering:
The Kyte social communications platform enables partners – including media companies, social networks and mobile operators – to offer their users an easy way to create embedded interactive channels and produce multimedia shows in real-time from their mobile phones or the web that are broadcast to multiple destinations including social networks, blogs and other mobile phones. Using the hosted platform and developer API, Kyte partners provide their users with an exciting way to stay connected through a next-generation social communications experience.

How Much They Got From VCs:

Kyte announced it has raised $15 million in a second round of funding. The round was led by Telefónica, the world’s fourth largest global telecommunications firm, with Nokia Growth Partners, the global private equity and venture capital management arm of Nokia, and DoCoMo Capital, Inc., a wholly owned U.S. subsidiary of NTT DoCoMo, Inc., the leading mobile communication company based in Japan, also participating. Other investors in this round include Swisscom, Holtzbrinck Ventures and Draper Fisher Jurveston.

Purpose Of Raising Fund:

The investments from these global wireless leaders will serve to further the development and distribution of Kyte’s award-winning social communications platform. Kyte itself is not a destination, but an enabling communications platform that allows partners, through a Kyte-powered service, to offer users an easy way to share pictures and video from their mobile phone or the web that are instantly broadcast to multiple destinations, including websites, blogs, social networks and other mobile phones.

What VCs Says About Company:

We are investing in Kyte because we see them as a groundbreaking company, tying together multimedia creation and consumption in real-time across multiple platforms,” said Rob Trice of Nokia Growth Partners. “Kyte sits at the crossroads of multiple trends in consumer-generated content and we are excited to be a part of the growth of this innovative company.

For more : http://www.kyte.tv.