San Mateo,
Calif. - Veodia, a provider of
high-quality streaming video delivery services for businesses, announced on
Monday that it has raised $8.3 million in its first round of venture capital
financing, from Clearstone Venture Partners, the D.E. Shaw Group, and a group
of angel investors led by Steven Berger.
San Mateo,
Calif.-based Veodia offers MPEG-4 video broadcasting services for businesses,
universities, religious institutions and professional bloggers.
The company
will use the funds for product development and to hire additional staff.
Related Links:
http://www.prweb.com/releases/2008/5/prweb934554.htm
http://www.veodia.com
Comments
Post new comment