Wednesday, February 07, 2007 6:00:00 AM PDT | VentureDeal Staff
SALT LAKE CITY, UT -- Move
Networks announced the December, 2006 closing of its first round of venture
capital financing, receiving $11.3 million from Hummer Winblad Venture Partners
and Steamboat Ventures, the corporate equity arm of the Walt Disney Company.
Move Networks provides technology to enable the delivery of continuous long
form video via the Internet. Its solution changes the way producers
encode the video for multiple bandwidths as well as how consumers view the
The company intends to use the proceeds to expand their customer base and
develop new functionality for their system.
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