Veveo funded; Coming to Verizon?
By Dusan Belic on Tuesday, August 28th, 2007 at 7:35 AM PST In Content, Services
Mobile search is set to explode, so it doesn’t surprises to see Veveo raising the second round of $14 million earlier this year. Thus far, the mobile search company has raised a total of $28 million from Norwest Venture Partners, Matrix and North Bridge Venture Partners.
Veveo’s flagship product Vtap is a web video search solution, which aims to improve the mobile search experience by relying on the character-based incremental search technology where results are returned with every character entered. I’m not sure just how this kind of technology can be patented, as we already have Google (NSDQ: GOOG) Suggest working in the same manner. However, Vtap shoots for the niche market and guarantees to better structure mobile video search results, so that users find much faster what they’re looking for.
In order to push its technology, Veveo is in the midst of partnering with both handset manufacturers and carriers. Apparently, as we speak they are negotiating with Verizon (NYSE: VZ), which could certainly use something like Vtap to further enhance and organize its mobile video offering.
Vtap is scheduled to launch on September 10, with initial release to support Windows Mobile smartphones and an Ajax version for the iPhone. Support for wide-array of devices with J2ME is also coming later in the fall. Stay tuned…
[Via: Mashable]
What video services does it support?
All major ones as far as I understand. Basically, it can transform FLV into a video file viewable on any mobile phone (3GP?).