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Wireless Streaming Media Developer StreamerNet Raises $1 Million

Authored by Mark Hefflinger on January 12, 2006 - 3:24am.
Leesburg, Va. - StreamerNet, a provider of streaming media tools and services, disclosed on Thursday that it has raised $1 million in private equity financing over the past several months, including a $500,000 round that closed in late December. The company, which did not disclose further details, has now completed three rounds of funding. William Hornbeck, the president and CEO of StreamerNet, said that the recent financings "strengthen our cash position and allow us to aggressively pursue new business opportunities and market development." Hornbeck said that most of the money the company raised prior to 2005 went toward research and development. StreamerNet has developed software and services that allow users to wirelessly transmit video directly from the field to the Internet.
tags: StreamerNet | Wireless Media |