VOD Developer Raises $26 Million in New Capital

    VOD technology provider MidStream Technologies has closed a $26 million financing round. New investors include Canaan Venture Partners, Frazier Technology Ventures, ProVen Private Equity and The University of North Carolina. Prior investors Polaris Venture Partners, ARCH Venture Partners, Xilinx Inc. and Fluke Ventur
    Author:
    Publish date:

    VOD technology provider MidStream Technologies has closed a $26 million financing round.

    New investors include Canaan Venture Partners, Frazier Technology Ventures, ProVen Private Equity and The University of North Carolina. Prior investors Polaris Venture Partners, ARCH Venture Partners, Xilinx Inc. and Fluke Ventures also participated.

    MidStream will use the capital for development of the IP2000 Series of video servers and expand its business development and sales and marketing efforts.

    The company's broadcast-quality VOD servers are designed from the ground up to enable cable operators and video service providers to deploy scalable and diverse VOD services, such as SVOD and network-supported personal video recorder functionality over an existing infrastructure.

    Key features include:

    • Delivers up to 2 Gbps of throughput from one server unit, or over 500 concurrent 3-Mbps streams of content
    • Over half of a terabyte of built-in storage
    • Field-upgradeable for both hardware and software
    • Uses an open platform that integrates with any third-party asset management system, middleware, back-office software, storage and STBs

    Related

    Business

    Root Capital Purchases Autocue

    Root Capital, a London-based venture capital firm in the technology sector, has purchased prompting company Autocue. Simon Philips, partner of Root Capital and the new Autocue chairman, said the company will continue to use the Autocue name. Philips does not plan on facility closings or layoffs. The financial t

    Business

    Omneon Expands

    Omneon Video Networks has received an additional $10.5 million in financing from INVESCO Private Capital. Also participating in the latest round of funding for the Sunnyvale, Calif.-based server company was existing investors Accel Partners, Advance Technolgy Ventures, Intel Capital, Lucent Venture Partners, Meritech C

    Business

    MvDTV Closes $7M Funding Round

    MyDTV Inc. recently closed a $7 million financing round led by Walden VC, resulting in the appointment of Larry Marcus of Walden VC to MyDTV's board of directors. Marcus is a general partner at Walden VC, focusing on new media spanning infrastructure, services and content. MyDTV's prior investors, Rothschild Ventures a

    Business

    Genuity Capital Partners Acquires Front Porch Digital

    Genuity Capital Parnters, a Toronto-based private equity group acquired Front Porch Digital this week for $38 million. Front Porch Digital, a developer of digital broadcast archive management, will operate as an independent, private corporation with headquarters in Boulder, Colo. The existing management team will co

    News

    Inlet Scores $10 Million

    Inlet Technologies, a Raleigh, N.C. maker of video encoding technology, said it nailed down $10 million in Series C venture financing. Investors include Core Capital Partners, Technology Venture Partners, Telecommunications Development Fund and Capitol Broadcasting Co., which owns WRAL TV