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Move Networks gets $46 million in HDTV funding

14 April 2008 20:08 by James "Dela" Delahunty

Move Networks announced a $46 million Series C funding round led by Benchmark Capital that includes global technology leaders Cisco, Comcast Interactive Media (a division of Comcast Corp.), Televisa, as well as previous investors Steamboat Ventures and Hummer Winblad Venture Partners. The leader in high definition online television services touts patent-pending technology in the area.

It uses open Internet protocols to deliver high-quality live and on-demand video that easily and cost-effectively scales to millions of viewers while fully protecting the assets of the media company, and giving users the best video viewing experience in the industry.

"Viewers are demanding higher quality video at anytime and any place. Move's platform provides a solution that maximizes quality while at the same time meeting the demands of scalability and profits," said John Edwards, CEO of Move Networks. "This funding round is further validation by leading digital new media companies and infrastructure providers that Move Networks has the delivery services uniquely designed to meet the online monetization mandate of the world's largest media companies."

"Rarely have we seen a company take market share at such a dramatic pace in an emerging industry," said Bill Gurley, general partner at Benchmark Capital. "The key stakeholders of the world�s best video content are voting by choosing Move Networks as their online video solution. Move offers a unique and obvious quality advantage compared to other video delivery options. The best brands with the best content want full control of their experience and their advertising relationships. The Move platform is the only choice on the market that optimizes this strategic imperative."

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Permalink to this article | Topic: HDTV