& 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. ;)

Featured Video
From The Founder
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Flash Poll
Upcoming Live Events
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue London
November 10, 2017, The Westin Times Square, New York, NY
November 16, 2017, ExCel Centre, London
November 30, 2017, The Westin Times Square
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Muni Policies Stymie Edge Computing
Carol Wilson, Editor-at-large, 10/17/2017
'Brutal' Automation & the Looming Workforce Cull
Iain Morris, News Editor, 10/18/2017
Is US Lurching Back to Monopoly Status?
Carol Wilson, Editor-at-large, 10/16/2017
Pai's FCC Raises Alarms at Competitive Carriers
Carol Wilson, Editor-at-large, 10/16/2017
Worried About Bandwidth for 4K? Here Comes 8K!
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 10/17/2017
Animals with Phones
Selfie Game Strong Click Here
Latest Comment
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed
Partner Perspectives - content from our sponsors
The Mobile Broadband Road Ahead
By Kevin Taylor, for Huawei
All Partner Perspectives