MONTREAL - Venture Wire has reported that Vantrix, a mobile video delivery technology provider, has raised $5.25 million in new financing from MMV Financial.


The company plans to funnel the funds into development efforts aimed at strengthening sales, marketing, engineering and research.

 

Vantrix offers services for delivering video on demand, live TV, video alerts, user-generated content, video sharing and other multimedia to mobile devices for customers such as ABC News, Orange, T-Mobile and The Weather Channel.