Arroyo Broadcasts $13M Round

Arroyo Video Solutions receives $13M in its first round of financing, led by Doll Capital Management and Foundation Capital

April 26, 2004

2 Min Read

PLEASANTON, Calif. -- Arroyo Video Solutions, Inc., an emerging company developing a unique platform for delivering next generation video services, today announced that it has raised $13 million in a first round of venture funding. DCM - Doll Capital Management and Foundation Capital led the round with participation from Time Warner Investments and Comcast Interactive Capital, the investment arms of two of the nation's largest media companies. The Company also announced that Carl Amdahl of DCM and Adam Grosser of Foundation Capital have joined its Board of Directors.

Arroyo's Video Services Platform enables video providers, including cable companies and broadband operators, to dramatically accelerate delivery of innovative new TV services and applications, such as Video On Demand and interactive video services, to their subscribers. Combining an advanced and extensible architecture with an open standards-based approach, Arroyo's platform also improves video operators' profitability and reduces both capital and operating costs by delivering breakthroughs in performance and scalability for on-demand and interactive applications.

"Arroyo stands out from the other players in this market because they have taken a unique services approach to the design and development of their platform," said Carl Amdahl, Technology Partner at DCM. "They've thought through the potential applications and created an architecture that can best deliver the kinds of revenue-generating services that video providers are looking for."

"For a mass market opportunity to truly develop around next generation and on-demand video services, the media industry must have a highly scalable and cost-effective solution," said Neil Sequeira, Managing Director, Technology, Time Warner Investments. "Arroyo's platform delivers those capabilities in a product line that is strategically relevant to our industry. We believe that Arroyo can help media companies continue to drive on-demand and interactive video services to consumers."

"Advanced video services represent a significant revenue opportunity and competitive differentiation for cable operators," said Warren Lee, Principal at Comcast Interactive Capital. "We are excited about this market opportunity and believe that Arroyo's architecture, world-class development team, and innovative approach make the company an attractive investment for us."

Arroyo Video Solutions Inc.

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