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Video Content Delivery Network Provider Kontiki Raises $8.6 Million

Authored by Mark Hefflinger on December 7, 2004 - 4:16am.
Sunnyvale, Calif. -- Kontiki, a provider of grid computing-based content delivery network services for video, software and digital content, announced on Tuesday that it has raised $8.6 million in a recent round of venture capital financing. MK Capital led the investment round; previous investors Adobe Ventures, Barksdale Group and Benchmark Capital also participated. Sunnyvale, Calif.-based Kontiki's technology, which claims 19 million worldwide users, taps the unused resources of networked PCs and servers to cost-effectively deliver high-quality video and software updates. Kontiki's customers include Adobe, CNET Networks, Ernst & Young and Palm. The company will use the funds for its product development and sales efforts.
tags: Deals | VC | Kontiki | Video Content Delivery Network Provider |