IT, startups, VC

Blackwave Captures $3.5M Financing

Ryan McBride 9/30/09

Blackwave, an Acton, MA-based provider of servers that store video content and deliver it to users over the Internet, has raised $3.5 million of a planned $9.1 million round of equity financing, according to an SEC filing. The document did not identify the investors in the round, and Blackwave CEO Bob Rizika could not be immediately reached at his office this morning. The company, formerly called Acinion, previously raised at least two rounds of financing from Flybridge Capital Partners, Globespan Capital Partners, and Sigma Partners.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.