Veodia Lands $8.3 Million for Web Video Broadcasting Services

Authored by Mark Hefflinger on May 12, 2008 - 6:10am.

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

The content of this field is kept private and will not be shown publicly.