Move CEO: Next Round is North of $34M
Contentinople | March 7, 2008
John Edwards, CEO of streaming content technology provider Move Networks, says that his company is close to finalizing a Series C round of venture capital that will be more than the $34 million that has been previously rumored.
“There was a leak out that said we raised $34 million,” said Edwards in an interview with Contentinople yesterday. “That number is low.”
Move is clearly onto something. It is growing like a weed out there in the Utah desert, going from 40 employees to 140 employees in one year. It’s wrapped up some big media deals, including providing streaming video technology for Fox, ABC, Discovery Channel, and Oprah.com.
