Verismo Networks, a Mountain View, California-based Internet TV platform, closed $17m in financing. The round was led by Intel Capital, with participation from Verismo’s existing seed investors.
The company intends to use the funds to accelerate its growth and expand operations.Verismo’s high-definition VuNow Internet TV platform allows Multi System Operators (MSOs), Internet Service Providers (ISPs) and Telcos to deliver traditional linear channels combined with value-added internet services such as VoIP and social networking applications over the Internet to their existing subscribers.
The platform uses the internet as a distribution method, allowing service providers to expand and reach new global markets with minimal investment in their infrastructure.
The company operates offices in Bangalore, India.
FinSMEs
17/11/2010