Palo Alto, Calif. - Vuze, a distributor of video content using BitTorrent peer-to-peer technology, announced that it has raised $20 million in its third round of funding, led by New Enterprise Associates.

Existing investors Redpoint Ventures, Greycroft Partners, BV Capital and Jarl Mohn also participated.

Palo Alto, Calif.-based Vuze (formerly Azureus) claims over 100 partners providing video programming for its service, which is available to the 15 million users that have downloaded its delivery software.

"This funding round will enable us to capitalize on the significant consumer adoption of our platform in the U.S. and Europe, to continue to enhance our innovative product, and to further engage our loyal and passionate global user base, all while remaining true to our vision of an open, global platform for immersive high-quality entertainment," said Vuze CEO Gilles BianRosa.

As part of New Enterprise Associates' investment, Vuze said TiVo co-founder and former CEO Mike Ramsay will join its board.

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