Tuesday, May 13, 2008

Veodia that enables effortless streaming of high-quality video straight from a standard browser,has raised $8.3 million in a Series A funding

What Company Is Offering:

Veodia's video software as a service allows organizations to broadcast and manage live and on-demand high quality video over the Internet. Businesses can instantly leverage the power of video with employees, customers and partners. IT groups can provide a full scalable, secure and reliable online video solution to all of their business groups without requiring the usual costly and time-consuming infrastructure deployments. Veodia's clients include APC, frog design and MIT Technology Review. Veodia powers the new WebEx Connect collaboration platform with high-quality video.

How Much They Got From Vcs:

Veodia, a software-as-a-service company that enables effortless streaming of high-quality video using h.264/MPEG-4 straight from a standard browser, announced it has raised $8.3 million in a Series A funding round from Clearstone Venture Partners, the D. E. Shaw group, and an angel group led by iParadigms chairman Steven Berger. The new financing will be used to support product development and add more talent to the team.

How Is Market Of That Kind Of Company:

Forrester Research predicts enterprise 2.0 applications and services will be a $4.6 billion dollar industry by 2013. According to a recent report, Web 2.0 applications for the enterprise increase efficiency for end users by fostering productive, advantageous behavior among employees, customers, partners, and with other networks such as Social Computing, the Information Workplace, and collective intelligence.

Within a year of its launch, Veodia has received praise from leading technology vendors and members of the technology press. In April 2008, CNET's Webware readers nominated and selected Veodia as one of the leading companies in the video category.

More at:www.veodia.com.

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