Genesis Networks Receives Funding

Genesis Networks, a provider of video transmission services over fiber and satellite, said it has secured second-round financing from Longworth Venture Partners and Masthead Venture Partners.

Peter Roberts of Longworth, a Boston firm, and Daniel Flatley of Masthead, located in Cambridge, Mass., join existing investors Dan Carney of Aspen Fiber Optic and Genesis Networks President and CEO Paul Dujardin on the board of directors.

"This new investment from Longworth and Masthead enables Genesis Networks to complete its initial phase of interconnecting the top 80 cities worldwide," Dujardin said. "Adding connection to these cities increases the reach and capabilities for our existing clients to access Europe, the Middle East, the Far East, North America, and South America instantly."

New York City-based Genesis Networks offers IRIS, proprietary software that enables users to control bandwidth, routing, and scheduling of video transmissions.