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Move Networks Gets Moving With $34 Million Financing

Monday, October 08, 2007 5:00:00 AM PDT | VentureDeal Staff

AMERICAN FORK, UT -- Networking company Move Networks has received a round of venture capital financing in the amount of $34 million, according to Venture Reporter.

Move provides video-streaming platforms and services to broadcast networks, stations and video publishers.

Hummer Winblad Venture Partners and Steamboat Ventures invested in the round.  The company is using the proceeds to expand its sales and marketing and develop new functionality for its Move Networks server and clients.

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