Home › DMW Daily › March 4, 2009

Verivue Raises $40 Million, Releases First IP Video Products

Authored by Mark Hefflinger on March 4, 2009 - 9:05am.
Westford, Mass. - Following two years in stealth mode, Verivue said that it officially has launched operations by releasing its first media storage and delivery system for telecoms, cable operators and content delivery networks.

The company has also raised $40 million in its second round of financing, led by Comcast Interactive Capital, PEHub.com reported.

New investors Accel Partners, Arris Group and North Bridge Venture Partners also participated, along with return backers Matrix Partners and Spark Capital.

Founded in 2006, Massachusetts-based Verivue said that its system integrates servers, storage, networking and applications into a unified platform, allowing it to better address the rapid growth of IP video then traditional server-based delivery methods.

 

Related Links:
http://snipurl.com/d3eyw

http://www.pehub.com/33299/verivue-adds-40-million/

Published in DMW Daily, March 4, 2009
tags: Deals | VC | Video | Spark Capital | Accel Partners | North Bridge VP | Matrix Partners | Comcast Interactive Capital | Verivue | Arris Group |



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