Menlo Park, Calif. - Nokeena Networks, a developer of storage and distribution technology for high-quality video, has raised $8.7 million in its first round of venture capital financing, led by Clearstone Venture Partners and Trinity Ventures, TheDeal.com reported.

San Francisco-based Nokeena is expected to launch its first commercial product next year.

The company's processing and network optimization technology will be targeted at content delivery networks, video sites and other media companies.

Related Links:
http://snipurl.com/3d1ly (TheDeal.com)

http://nokeena.com