Monday, April 9, 2007

Rinera Raises $9 million for Internet Video Distribution

Rinera Networks, a start-up based in San Mateo, California, raised $9 million in Series A funding for its development of solutions for the delivery of distributing video over the Internet. The funding came from NEA and Foundation Capital.

Rinera said its unique Coordinated Video Distribution System (CVDS) allows content owners to offer a consumer experience that is on- par with or better than that offered by server-based Content Delivery Network (CDN) solutions. Furthermore, Rinera's technology provides excellent network efficiency and breakthrough traffic management capabilities for both content owners and network service providers. Rinera is currently conducting trials with selected customers and plans to make its technology available to the marketplace later this year.

Rinera was founded by Dr. Hui Zhang, a researcher from Carnegie Mellon University, and Dr. Ion Stoica, a researcher from U.C. Berkeley.

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