& cplSiteName &

Verivue Surfaces With Comcast Backing

Jeff Baumgartner
LR Cable News Analysis
Jeff Baumgartner
3/2/2009
50%
50%

Jim Dolce's new startup has an urge to converge.

That company, Verivue Inc. , came out of hiding Monday with its first product -- a cross-platform video and media switch -- and a second round of funding led by Comcast Interactive Capital .

Verivue (see our profile) expects to introduce its network-centric, Flash-based video platform, dubbed the MDX 9000 Series Media Distribution Switch, in the second quarter of 2009. Its target market includes cable operators, telecom operators, Web TV players, content distribution networks (CDNs), and any other sector focused on "managed video." (See Verivue Flips New Media Switch .)

On the funding front, Verivue scored $40 million in a second round led by Comcast's venture arm, with participation from Matrix Partners (an earlier Verivue investor), North Bridge Venture Partners , and Accel Partners . Arris Group Inc. (Nasdaq: ARRS) is also on board as a "corporate investor," according to Dolce, Verivue's CEO.

As first reported by Cable Digital News in mid-January, Arris is to resell Verivue's MDX 9000 to MSOs. (See Arris Pumps Up Video With Dolce's Verivue .)

Verivue raised $25 million in a first round led by Matrix and Spark Capital Partners LLC , so the Westford, Mass.-based startup now has about $65 million in the bank.

That money will be spent on Verivue's go-to-market strategy, which comprises direct sales and partnerships and continued development of its media switch portfolio.

With a second round secured, Verivue has enough cash to take it "well into the next three years," Dolce says.

Verivue flips flashy media switch
Verivue, founded in November 2006, is starting off with the MDX 9000, a switching/storage combo that looks to fill the gap as MSOs and telcos engage in a content arms race and expand their on-demand offerings to thousands of titles. On top of that, many of them are also seeking ways to feed all of that standard- and high-def video to traditional TV screens, as well as PCs and mobile devices.

Verivue is breaking out as MSOs like Comcast Corp. (Nasdaq: CMCSA, CMCSK) and Time Warner Cable Inc. (NYSE: TWC) attempt to complement their traditional video subscription models with a rich menu of content flowing in from the Web. (See Cable-Led Web TV Deals Still Forming, Cable Web TV: Results May Vary , Comcast Launches 'Project Infinity', and Comcast Fires Up Fancast.)

"These worlds are coming together," Dolce says. "The boundaries between TV and the Internet are being erased."

Dolce's company hopes to do this with a network-centric approach that incorporates Carrier Ethernet technology. It has also gone with a solid state storage/caching system completely based on Flash, which costs less than $1 per gigabyte and requires less power than other options because Flash doesn't require spinning disks and motors, Dolce says. (See A Flashy Approach to VOD.)

Based on the modular, blade concept, the MDX 9000 chassis can operate in the range of 20 Gbit/s to 200 Gbit/s, and provide between 2 terabytes and 24 terabytes of storage.



To Page 2

(2)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
btierney
50%
50%
btierney,
User Rank: Light Beer
12/5/2012 | 4:10:20 PM
re: Verivue Surfaces With Comcast Backing
Congrats to the industrial designers!
Michael Harris
50%
50%
Michael Harris,
User Rank: Light Beer
12/5/2012 | 4:10:16 PM
re: Verivue Surfaces With Comcast Backing
Looks like style hasn't been eliminated from all budgets during the current downturn. ;)

From The Founder
Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Custom TV
ADVA Talks Innovation & the Future of Networking

1|17|17   |     |   (0) comments


Ray Le Maistre and Christoph Glingener, CTO of ADVA Optical Networking, discuss the current state of the industry, cooperation and collaboration, open innovation and the future of networking.
LRTV Custom TV
Cisco's Infinite Video Platform

1|17|17   |     |   (0) comments


Cisco's Infinite Video Platform allows service providers to deliver broadcast-quality video over IP networks. Infinite video supports many devices, from 4K TVs to tablets to game consoles. Join Cisco's Rajeev Raman for a brief tour and live demo.
LRTV Interviews
Masergy: Ability to Adapt Key for NFV

1|16|17   |   6:40   |   (0) comments


Speaking at Light Reading's 2020 Vision in Rome, Masergy's VP, Global Technology, Ray Watson, said agility is key to providing the mix and match NFV-based services that are driving business for the managed service provider today.
LRTV Interviews
Equinix: The Data Explosion

1|13|17   |   4:16   |   (0) comments


At Light Reading's 2020 Vision in Rome, Eric Schwartz, president of EMEA, Equinix, talked about how Equinix is helping its customers manage the influx of data today, and how it's preparing for a future filled with millions of connected IoT devices.
LRTV Interviews
Heavy Reading: The Changing Data Center Landscape

1|12|17   |   6:05   |   (1) comment


At Light Reading's 2020 Vision event in Rome, Heavy Reading's Senior Analyst Roz Roseboro talks about how virtualization is impacting data center evolution and how that evolution is affecting the relationship between service providers, data center operators and public cloud providers.
LRTV Interviews
Boingo: Prepping for Millions of Devices

1|12|17   |   5:07   |   (1) comment


At Light Reading's 2020 Vision in Rome, Boingo's CTO Derek Peterson discusses how wireless operators will address the needs of low-bandwidth and high-bandwidth apps at the same time, the need for more MHz, the impact of IoT and more.
LRTV Interviews
Comcast Shows Off Gig Gateway at CES

1|11|17   |     |   (1) comment


With its largest presence at CES in years, Comcast took the wraps off its long-awaited gigabit gateway and a new platform for managing the home WiFi network. Light Reading Senior Editor Mari Silbey sat down with EVP Chris Satchell to discuss the latest Comcast advance, and met with VP of Product Strategy and Development Andrea Peiro to walk through a demo of the ...
LRTV Interviews
Colt: End-to-End Key for 2017

1|10|17   |   6:21   |   (0) comments


At Light Reading's 2020 Vision Executive Summit in Rome, Nico Fischbach of Colt said having a multi-carrier, end-to-end service proposition is going to be key for 2017 -- and SD-WAN is instrumental in making it happen.
From the Founder
Cisco's Clemson on Mobile Cloud Video

1|9|17   |     |   (1) comment


Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators. "If you think about where we're going… whether it's a mobile application, or a video ...
LRTV Custom TV
VMware Telco NFV Solutions – Preparing for 5G & IOT

1|9|17   |     |   (0) comments


Shekar Ayyar, EVP & Corporate Strategy/General Manager of Telco for VMware, discusses VMware's Telco NFV solutions role and foundation for the Imminent Arrival of 5G & IOT.
LRTV Interviews
Heavy Reading: Big Video Set to Disrupt

1|6|17   |   4:39   |   (0) comments


At Light Reading's 2020 Vision Executive Summit in Rome, Heavy Reading's Adi Kishore talks about the challenges of managing and monetizing bandwidth-intensive video, and how service providers will need to transform their networks to cope with the big video explosion.
LRTV Interviews
Heavy Reading: IoT Set to Disrupt

1|5|17   |   7:07   |   (0) comments


Heavy Reading's Senior Analyst of IoT, Steve Bell, tells Light Reading how the Internet of Things (IoT) will transform service provider markets, business models and mindsets, and how virtualizing the network core and Fog networking is key to meeting the agility and flexibility demands of IoT in the future.
Upcoming Live Events
May 15-17, 2017, Austin Convention Center, Austin, TX
All Upcoming Live Events
Infographics
Hot Topics
Ericsson: 5G Heralds 'New' New Economy
Mari Silbey, Senior Editor, Cable/Video, 1/12/2017
Next Plugfest Gets G.fast Closer to Market
Brian Santo, Senior editor, Test & Measurement / Components, Light Reading, 1/13/2017
Growing Pains Will Force Telcos to Shape Up
Iain Morris, News Editor, 1/17/2017
TV's Paradox: No HDR Without 4K
Mari Silbey, Senior Editor, Cable/Video, 1/17/2017
IBM, FDA Look to Blockchain to Secure Health Records
Scott Ferguson, Editor, Enterprise Cloud, 1/12/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
Animals with Phones
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.