You.i TV said it has closed a USD15 million round of growth capital.
The funding was led by Los Angeles-based Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, L.P., an alternative investment firm managing over USD USD27 billion in assets.
You.i TV´s product, You.i Engine, is a cross-platform app engine that simplifies and accelerates multi-platform app development. TV companies use it to build a custom app codebase that ties together all their backend technologies, while giving them unprecedented freedom from traditional front-end constraints.
You.i Engine powers beautiful applications across iOS, tvOS, Android, Amazon Fire, Xbox, PlayStation, Roku, Smart TVs and RDK set-top boxes, all with performance well beyond what´s possible with HTML5 or native OS approaches. You.i Engine redefines what´s possible in TV app design, thanks to a plugin that allows designers to export visual and motion interface designs directly from leading design tools into production code.
Less than a year after the launch of You.i TV´s first customer-facing app, the company has launched video applications built on You.i Engine for five major brands, including Corus Entertainment and Sony Crackle, with other newsworthy projects underway that are not yet public.
You.i TV is the company behind You.i Engine, a UI framework built on the principles of video-game engines: artist-driven, cross-platform code with GPU-driven performance.