Wednesday, August 10, 2005

Veoh Networks Raises Series A

La Jolla-based Veoh Networks said this morning that it has raised a Series A funding round for a peer to peer television content delivery network. Funding came from Shelter Capital Partners. Veoh said that the company will take advantage of existing broadband infrastructure to deliver TV-grade, full-screen video programming directly from producers to consumers. Amount of the funding was not disclosed. Veoh is headed by Dmitry Shapiro. The company said that the company's software will install on PC or Mac platforms, and will be targeted at motion picture studios, television networks, organizations, and individuals looking to publish unlimited amounts of broadcast video content. More information »

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