What Company Is Offering:
GridNetworks, based in Seattle, Washington, is a leading provider of managed Internet television services. Targeted primarily at media and entertainment companies, GridNetworks’ GridCasting technology allows media companies to cost-effectively and reliably stream full-screen, HD quality, video content over the Internet.GridNetworks provides a compelling business proposition for content providers looking to deliver programming via the Internet, while retaining the high quality viewing experience their viewers are accustomed to.
How It Will Be Helpful To Companies:
Media companies working with GridNetworks can deliver a true television experience, via existing broadband connections, for a small fraction of what they are paying today in distribution costs. For the first time, content providers can also scale distribution to Nielsen-level audiences on the Internet, and receive the Nielsen-type data and analytics they need to develop compelling advertising and sponsorship packages.
How Much They Got From VCs:
GridNetworks, the leading provider of managed Internet television delivery services, announced that Cisco Systems, Inc. has made an investment as a strategic investor in GridNetwork’s Series A funding previously announced by Panorama Capital in October. With this latest investment, GridNetworks raised a total of $9.5 million in its Series A financing.
More at:http://www.gridnetworks.com.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment