In a new venture capital funding led by Mayfield Fund, Nokeena Networks, the industry's leading media infrastructure solution, has raised $6.5 million, thereby resulting in a total $15 million funding for the company. Existing and strategic investors also participated in the latest funding round.
The company, which delivers a television-like viewing experience at considerably lower costs, intends leveraging the new funds to enhance its sales and marketing initiatives in the direction of providing its new media infrastructure to content publishers and distributors.
The Santa Clara, California-based company, founded in 2008, has had an outstandingly speedy release to market - graduating from an innovation to market proven platform. With incessant use of high-quality media over PCs, high-definition TV and mobile devices, there has been a considerable increase in the volume of online traffic, which Nokeena aims to deliver by media publishers and distributors.
Nokeena's 'Media Flow Director' helps it deliver a solution that both slashes cost of delivery infrastructure as well as provides a TV-like viewing experience. With its singular deployment flexibility, Nokeena has attracted publishers, social media, market analysts, and editorial influencers.
Navin Chaddha, Managing Director of Mayfield and co-founder of VXTreme - the current Windows Media - said: "Nokeena has the three magic ingredients for success - a world-class team of proven entrepreneurs, an innovative solution and a large market opportunity with an impossible-to-resist value proposition."
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