Seattle - GridNetworks, a developer of peer-to-peer video distribution software, announced on Monday that it has raised $9.5 million in its first round of venture capital financing, led by Panorama Capital.

Sausalito, Calif. - Federated Media, an online advertising network for blogs, has raised a third round of venture capital financing totaling between $40 million and $50 million, PEHub.com reports.

Seattle - GridNetworks, a provider of managed Internet TV delivery services, said on Tuesday that it has received an investment from Cisco Systems (NASD: CSCO) that will round out its first round of financing, led by Panorama Capital and announced in October, at $9.5 million.

Seattle - GridNetworks, a developer of Internet TV delivery technology, announced on Tuesday that it has raised $9.5 million in first round financing, led by Panorama Capital.