Seattle - GridNetworks, a provider of managed Internet TV delivery services, said on Tuesday that it has received an investment from Cisco Systems (NASD: CSCO) that will round out its first round of financing, led by Panorama Capital and announced in October, at $9.5 million.

Seattle-based GridNetworks says its service streams TV and film content with HD clarity and high-fidelity sound to a computer or TV screen via the Internet.

The company is targeting its service primarily at media and entertainment companies, and offers reporting and analytics services

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