CDN BitGravity Gets $2.5 Million Seed Round From Allen & Co, Sling Founder
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BitGravity, the much-hyped content delivery network startup based in Burlingame, CA, has closed a $2.5 million “seed” round, from Allen & Co. and Sling founder and CEO Blake Krikorian. The company launched its service last year, and focuses on high resolution and live video delivery, and says it is at a lower cost than others. It powers video for Revision3 and Pump Audio, among others. It is in a heavily competitive space, from the likes of public companies like Akamai (NSDQ: AKAM) and Limelight (NSDQ: LLNW), and startups like Panther Express, and others.
A good profile of the CEO and the company is here on TVWeek.
Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Video, Technologies / Formats, Broadband, allen & co, bitgravity, blake krikorian
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