Move Networks Raises Series C: $46 Million for Web Video
Silicon Valley Insider | April 14, 2008
Move Networks has just raised a huge round: $46 million of new financing. Benchmark Capital led the round; other investors include Cisco (CSCO), Comcast Interactive Media (CMCSA), Televisa, and return backers Steamboat Ventures (DIS) and Hummer Winblad Venture Partners.
The challenge for Move Network: Take business away from Adobe’s (ADBE) Flash, which dominates the Web video market. And Flash has a built-in advantage–it’s already installed on nearly every computer with an Internet connection.
