Video-on-Demand Start-up Veveo.tv Raises $14 Million
Waltham, Mass. -- Veveo.tv, a Massachusetts-based start-up developing video-on-demand technology, has raised $14 million in its first round of venture capital, the Boston Business Journal reported. The company was started last year by Murali Aruvamudan, who previously founded Winphoria Networks, which was acquired by Motorola in 2003 for $172 million. Veveo.tv is doing most of its development work in India, the Business Journal reported.
http://boston.bizjournals.com/boston/stories/2005/02/07/daily25.html
http://www.veveo.tv
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