Monday, April 14, 2008

Move Networks Gets $46M

American Fork, Utah-based Move Networks, which develops software used for streaming high definition, online television, said today that it has raised $46M in a third round of Funding. Move Networks said that the Series C funding was led by Benchmark Capital, and also included Cisco, Comcast Interactive Media, Televisa, Steamboat Ventures (the venture capital arm of Walt Disney Co.), and Hummer Winblad Venture Partners. Move Networks develops technology being used by major television broadcasters to provide HD-quality video over the Internet; the firm is headed by John Edwards. More information »