Cisco, Comcast Invest in Move Networks

Move Networks backed by industry leaders in $46M Series C funding round

April 14, 2008

1 Min Read

AMERICAN FORK, Utah -- Move Networks, a leading provider of high definition online television services, today announced a $46 million Series C funding round led by Benchmark Capital that includes global technology leaders Cisco, Comcast Interactive Media (a division of Comcast Corp.), Televisa, as well as previous investors Steamboat Ventures and Hummer Winblad Venture Partners.

“Viewers are demanding higher quality video at anytime and any place. Move’s platform provides a solution that maximizes quality while at the same time meeting the demands of scalability and profits,” said John Edwards, CEO of Move Networks. “This funding round is further validation by leading digital new media companies and infrastructure providers that Move Networks has the delivery services uniquely designed to meet the online monetization mandate of the world’s largest media companies.”

Move Networks Inc.

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