NEW YORK--(BUSINESS WIRE)-- QVIVO Limited (QVIVO), a Hong Kong-based company, announced today it has secured US$1 million in funding from investors including SingTel Innov8, the SingTel Group's corporate venture capital fund.
QVIVO, the recently launched cloud-based media company, plans to use the capital to expand its infrastructure capacity to meet the incredible growth of users signing up to its unlimited cloud media storage plans.
The company’s platform enables users to sync their entire personal media collection of film, music and television favorites to the cloud to be streamed to any browser, desktop or mobile device. The QVIVO Cloud service offers unlimited media storage plans starting from only US$1.99 per month, an industry first.
QVIVO recently refreshed its suite of apps, allowing users to drag and drop media files and links directly onto the browser to then stream to any device with the QVIVO app installed. With a heavy focus on video, QVIVO is being referred to as "your personal Netflix".
"The post-PC era has reshaped how consumers enjoy their media and QVIVO is here to support them on any device they choose. Pause a movie on your tablet as you leave the home and resume it on your phone on the way to work, then finish it through your browser in your lunch break - all in sync with the QVIVO Cloud," said Mr. Liam McCallum, CEO and co-founder of QVIVO. "With our new financing in place we hope to reassure our users that their media collections, no matter how large, are secure for years to come."
QVIVO apps are free, allowing users to play and stream media around the home, automatically setting up a home network between devices running the app for PC and Mac. Away from home, users can also rely upon the QVIVO Cloud to stream through the browser, iPhone and iPad, with Android, Windows Phone and many more devices coming soon. Finally, QVIVO supersedes other cloud storage platforms by supporting storage capacity for thousands more video and music files. Users using QVIVO would enjoy a 96% cost saving over the Dropbox 500GB plan, truly offering an efficient solution for the market for today and beyond.
“QVIVO’s ability to offer cloud-based media storage and streaming anytime, anywhere and anyhow, especially in the realm of mobile video, is particularly relevant to consumers as their consumption of digital entertainment continues to grow. It’s an exciting space,” said Mr. William Bao Bean, Managing Director (Investments) of SingTel Innov8.
QVIVO is the simplest way to build your personal media cloud. Add media to one device and it shows up on all of them. QVIVO automatically imports your movies, music and TV shows into beautiful libraries to enjoy around the home or on the go through the QVIVO Cloud. Available for computers, tablets and smart-phones, QVIVO seamlessly keeps your media library in sync to access on all your devices. By linking their Facebook accounts, each family member can enjoy the one media library whilst checking-in, liking and rating their favorite media as well as messaging friends. All without leaving the QVIVO app.
About SingTel Innov8
SingTel Innov8 (Innov8), a wholly-owned subsidiary of the SingTel Group, is a corporate venture capital fund, with its own set of decision making, approval and funding processes. It has an initial fund size of S$200 million. Innov8 focuses its investments on technologies and solutions that lead to quantum changes in network capabilities, next generation devices, digital content services and enablers to enhance customer experience. It works closely with the ecosystem of leading innovators, developers, government agencies, R&D and capital providers to bring cutting-edge technologies and solutions to the various markets the SingTel Group operates in.
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Lauren Coleman, 917-436-2846