Kyte receives funding from Nokia

Written by James Delahunty @ 14 Jun 2007 4:46 User comments (1)

Kyte.tv, which allows users to create their own TV channel and broadcast it on websites, blogs, social networks, and mobile phones, has received funding from the private equity and venture capital arm of Nokia, the worlds largest handset maker. The service is funded by top venture capital firms including Draper Fisher Jurvetson, Draper Richards and Atomico.

Rob Trice of Nokia Growth Partners said in a statement that the vision for Kyte is to, "bring together social networking, user-generated content, and mobile services." Users can share Kyte channels with others, or have other people take part in their shows by adding their own content, voting, and chatting live.

YouTube, which receives 100 million video views and more than 65,000 new videos on a daily basis, already has a deal with Nokia to let mobile phone users view YouTube content on their cell phones via broadband links.

Source:
Yahoo

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1 user comment

121.6.2007 15:16

borhan9

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Kewl. Nokia's own video channel very good deal. :)

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Kyte receives funding from Nokia

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