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Microsoft Invests in Move Networks

Move Networks Inc. announced today that it received a strategic investment from Microsoft Corp. (Nasdaq: MSFT), and will be used to deliver streaming video for the Democratic National Convention.

The Microsoft financing will be added to the company's $46 million Series C round, which was announced in April and included Benchmark Capital , Cisco Systems Inc. (Nasdaq: CSCO), Comcast Interactive Capital , Televisa , Steamboat Ventures , and Hummer Winblad Venture Partners . The company has raised more than $67 million altogether.

To read more, see the full story on Contentinople.

– Ryan Lawler, Contentinople

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