You.i TV scores $15 mln in growth funding from Kayne Partners

Canadian software company You.i TV has raised $15 million in growth financing from private equity firm Kayne Partners, an affiliate of U.S.-based Kayne Anderson Capital Advisors. Headquartered in Ottawa, You.i TV provides a proprietary user-interface engine to media and telecommunications companies to create video applications that run across multiple media devices, including mobile phones, tablets, game consoles, smart TVs and set-top boxes. The investment by Kayne is intended to help accelerate the company's product roadmap and establish a channel of agency partners. You.i TV was founded in 2008 by CEO Jason Flick and CTO Stuart Russell.

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