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Video Networking Equipment Firm SkyStream Networks Raises $25 Million

Authored by Mark Hefflinger on May 5, 2003 - 8:06am.
Sunnyvale, Calif. -- SkyStream Networks, a provider of advanced video networking technologies, announced on Monday that it has secured $25 million in private funding. The investment was led by 3i U.S.; other investors included IVP, Mayfield and Norwest Venture Partners. Sunnyvale, Calif.-based SkyStream provides networking hardware platforms for service providers like telephone companies and global satellite operators, which cost-effectively deliver cinema-quality video and broadband services. Its customers include EchoStar, BT, Clear Channel Worldwide and Sony. The company will use the additional funds to bolster its corporate operations and product development as it moves toward profitability. http://www.skystream.com/press/2003/050503-ss_secures.stm
tags: VC | Video | SkyStream |

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