& 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
The independent evaluation of Nokia's key virtual network functions (VNFs) was a defining moment for the Finnish giant.
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
Cisco's Innovations in Cable

5|26|16   |   03:18   |   (0) comments


Marc Aldrich from Cisco discusses the latest in security, the evolution and momentum for CCAP and what the industry will be seeing next from Cisco.
LRTV Documentaries
Leading Lights 2016 Highlights

5|25|16   |   02:26   |   (1) comment


Some of the high points from this year's Leading Lights awards dinner at the Hotel Ella in Austin, Texas.
LRTV Documentaries
Light Reading Hall of Fame 2016

5|23|16   |   05:43   |   (0) comments


Find out who has been welcomed into Light Reading's Hall of Fame this year.
LRTV Custom TV
ZTE TM Forum Highlights

5|23|16   |     |   (0) comments


ZTE showcased its new ICT solutions at TM Forum in Nice.
LRTV Interviews
Gamma's MD on the Emergence of UC2

5|20|16   |     |   (0) comments


Gamma Communications Managing Director David Macfarlane believes the unified communications (UC) market has reached a tipping point.
LRTV Custom TV
The Ultimate 5-Minute Guide to Digital Customer Engagement

5|20|16   |     |   (0) comments


In this short video, you will hear all about how Digital Customer Engagement is the key to meeting customer expectations, keeping them happy, and maximizing revenue. VP Product & Marketing at Pontis, Ofer Razon, breaks down for us the five essential capabilities for successful Digital Customer Engagement. Don’t miss!
LRTV Custom TV
NFV in 2016: Part 1 – NFV Use Cases Get Real

5|19|16   |   05:57   |   (0) comments


Consensus is building around the key use cases for NFV, including managed IP services at the network edge and on customer premises, which can generate new revenues from enterprises/SMBs and consumers; Evolved Packet Core to support LTE migration; and adjacent technologies, such as TAS and IMS, to support VoLTE and next-generation charging and policy control ...
LRTV Custom TV
Nokia's Steve Vogelsang on NFV – Part 3

5|19|16   |     |   (0) comments


Steve Vogelsang discusses the challenges of operational transformation and how Nokia helps its customers. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
LRTV Interviews
Level 3: Why UC Is In Demand

5|17|16   |   04:12   |   (1) comment


Andrew Edison, Level 3's senior VP of sales, EMEA region, talks about the drivers of growth in the unified communications services market.
LRTV Custom TV
ARM's OPNFV Action

5|17|16   |     |   (0) comments


At the ARM booth at MWC 2016, Joe Kidder and Bob Monkman speak to Light Reading about OPNFV and their upcoming action.
LRTV Custom TV
Nokia's Steve Vogelsang on NFV – Part 2

5|16|16   |     |   (0) comments


Steve Vogelsang gives advice to service providers on how to move to NFV. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
LRTV Interviews
Interoute CTO on NFV's Maturity

5|13|16   |   06:46   |   (1) comment


Matt Finnie, CTO at international operator Interoute, explains how NFV has made life easier in terms of logistics and how Interoute can now enable a 'software-defined moment' for its customers.
Upcoming Live Events
September 13-14, 2016, The Curtis Hotel, Denver, CO
December 6-8, 2016,
June 16-18, 2017, Austin Convention Center, Austin, TX
All Upcoming Live Events
Infographics
A new survey conducted by Heavy Reading and TM Forum shows that CSPs around the world see the move to digital operations as a necessary part of their overall virtualization strategies.
Hot Topics
DT: Telcos Must Escape Vendor Prison
Iain Morris, News Editor, 5/24/2016
AT&T to Start 5G 'Friendly' Trial by 2016 End
Dan Jones, Mobile Editor, 5/24/2016
Cisco's Patel Hails 'Microculture' Successes
Iain Morris, News Editor, 5/26/2016
Cable Is Eyeing Its Retail Options
Mari Silbey, Senior Editor, Cable/Video, 5/25/2016
AT&T's Margaret Chiosi Retires
Ray Le Maistre, Editor-in-chief, 5/25/2016
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
In this latest installment of the CEO Chat series, Craig Labovitz, co-founder and CEO of Deepfield, sits down with Light Reading's Steve Saunders in Light Reading's New York City office to discuss how Deepfield fits in with the big data trend and more.
Grant van Rooyen, president and CEO of Cologix, sits down with Steve Saunders, founder and CEO of Light Reading, in the vendor's New Jersey facility to offer an inside look at the company's success story and discuss the importance of security in the telecom industry.
Animals with Phones
Live Digital Audio

Our world has evolved through innovation from the Industrial Revolution of the 1740s to the information age, and it is now entering the Fourth Industrial Revolution, driven by technology. Technology is driving a paradigm shift in the way digital solutions deliver a connected world, changing the way we live, communicate and provide solutions. It can have a powerful impact on how we tackle some of the world’s most pressing problems. In this radio show, Caroline Dowling, President of Communications Infrastructure & Enterprise Computing at Flex, will join Women in Comms Director Sarah Thomas to discuss the impact technology has on society and how it can be a game-changer across the globe; improving lives and creating a smarter world. Dowling, a Cork, Ireland, native and graduate of Harvard Business School's Advanced Management Program, will also discuss her experience managing an international team focused on innovation in an age of high-speed change.