You.i TV receives $12M investment from Time Warner

OTTAWA and NEW YORK - Time Warner Investments has led a $12 million series B funding round for Canadian video app platform company You.i TV.The companies said Tuesday that the investment is being used “to further accelerate You.i TV’s response to demand for its products, to enhance its app designer workflow IP and to continue to grow its partner channels”. Additional funding in the round came from new investor Vistara Capital Partners and existing backer Kayne Anderson Capital Advisors.You.i TV’s technology You.i Engine currently powers popular TV apps for customers such as shomi, Corus Entertainment , Sony Crackle and Turner...