Move Networks Raises $46M
Move Networks, the company that makes online television an enjoyable experience, has raised $46 million in Series C funding from Benchmark Capital, Cisco, Comcast Interactive Media, Televisa (also a Move customer), Steamboat Ventures and Hummer Winblad Venture Partners.
This is, we believe, the $34 million round that had previously been reported, plus a little frosting on top. Move PR tells us the company has raised approximately $68 million to date.
Move customers include ABC, FOX, ESPN, the CW, and Discovery. The company improves the online video viewing experience by selling customized media players and media management tools that smoothly manage varying bandwidth and other limitations to deliver extremely high-quality streams. It’s one of my favorite startups in the online video space.
Move also recently scored a coup of integration into Microsoft’s Silverlight, reducing the need for new users to install its plug-in.
Here’s a recent interview we did with Move CEO John Edwards about the increasing amount of time people are using his software:
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