San Jose, Calif. - MediaXstream, a new venture that provides "carrier-neutral, high-quality transport and managed network services for the production and broadcast industries," announced on Monday that it has closed a $10 million first round of funding, led by Constellation Ventures.

Columbia Venture Corp. also participated in the round.

"We're excited to have the opportunity to bring these services to market on a fully-managed network platform dedicated to media," said Del Bothof, CEO of San Jose, Calif.-based MediaXstream.

"Our mission is to flexibly provide 100% QOS video networking in a variety of native formats."

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