GridNetworks Secures Series A Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d368c2e1-7f9e-4a51-9bde-7a45ea4791e1&Preview=1 -
Date
3/11/2008 -
Company Name
GridNetworks -
Mailing Address
71 Columbia Street Seattle, WA 98104 -
Company Description
GridNetworks, a Seattle company, is run by a seasoned team of Internet veterans. We offer GridCasting service – which can stream full screen, HD-Quality Internet Television to the desktop or living room, while providing economics that make sense to consumers and Hollywood. -
Website
http://www.gridnetworks.com -
Transaction Type
Venture Equity -
Transaction Amount
Undisclosed -
Transaction Round
Series A -
Proceeds Purposes
The financing will be used to expand development of GridNetworks’ core technology and grow the company’s Internet Television distribution businesses. -
M&A Terms
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Venture Investor
Cisco Systems, Inc.
