Nokeena Networks secures $6.5 Million

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California: Nokeena Networks, a media infrastructure solution provider delivering a television-like viewing experience at dramatically lower costs, announced $6.5 million in new venture capital funding led by Mayfield Fund, with participation by existing and strategic investors. This new infusion of capital takes the company's total funding to $15 million. The company will leverage the new funding to deliver its new media infrastructure to content publishers and distributors via marketing and sales initiatives.

"The additional financing marks a significant milestone as we enter the next phase of company growth," said Rajan Raghavan, co-founder and CEO, Nokeena.

Founded in February 2008, the company delivers a television-like viewing experience at considerably lower costs, intends leveraging the new funds to enhance its sales and marketing initiatives in the direction of providing its new media infrastructure to content publishers and distributors.

The continuous consumption of high-quality media over PCs, high-definition TV and mobile devices have generated huge increases 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 this surge in media traffic. With the company's Media Flow Director, Nokeena delivers a solution that not only reduces cost of delivery infrastructure but also enables a TV-like viewing experience. It also provides deployment flexibility sought by content publishers and aggregators as well as content delivery networks (CDNs). The Santa Clara, California-based company, founded in 2008, has had an outstandingly speedy release to market - graduating from an innovation to market proven platform.

Nokeena is the first investment of Mayfield's latest fund, the $395 million Fund XIII, which was raised in September 2008. As part of the new investment, Navin Chaddha will be appointed to Nokeena's Board of Directors. He joins Rajan Raghavan, Prabakar Sundarrajan, Sumant Mandal, Managing Director, Clearstone Venture Partner, Fred Wang, General Partner, Trinity Ventures and B.V. Jagadeesh, CEO and President, 3Leaf.

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