Nokeena Networks Secures $6.5 Million
Date: Tuesday , June 30, 2009
Nokeena Networks, a media infrastructure solution provider delivering a television-like viewing experience, raised $6.5 million in new venture capital funding led by Mayfield Fund, with participation of existing and strategic investors. This new infusion of capital takes the company's total funding to $15 million. The company, founded in February 2008, intends to leverage the new funding to deliver its new media infrastructure to content publishers and distributors via marketing and sales initiatives.
The continuous consumption of high quality media products by PC users, high-definition TV, and mobile devices has generated a huge increase in the volume of online traffic that must be delivered by media publishers and distributors. To date, these organizations have been forced to over-provision their existing delivery infrastructures in an attempt to address the quality and scalability challenges created by the surge in media traffic. With the company’s Media Flow Director, Nokeena delivers a solution that not only reduces the cost of delivery infrastructure but also enables a TV-like viewing experience. It also provides the deployment flexibility sought by content publishers and aggregators as well as content delivery networks (CDNs). The California-based company that has 35 employees has had a speedy release to market - graduating from an innovation to market-proven platform. "Nokeena sees a huge demand from all segments, especially from content delivery networks, telcos, content aggregators, and other content publishers," says Rajan Raghavan, Co-founder and CEO, Nokeena.