Tvinci raises $1.6m

Israeli internet TV tech provider Tvinci has completed its first round of $1.6 million led by private investors. The Tel Aviv-based company is also looking for a second round in order to expand sales into other territories. Tvinci offers turnkey video customization tools to both mobile and pay-TV operators, and counts MSN and MTVN, including VH1 and Comedy Central among its clients. It has also launched "Orange Time," a VOD portal for mobile operator Orange.

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