Wednesday, October 10, 2007

Bluestreak Raises US$20 Million for Flash-based Media in Consumer Devices

Bluestreak Technology, a start-up based in Montreal, secured US$20 million dollars in Series D financing for its "MachBlue" platform for mobile phones and digital television.

The MachBlue platform gives network operators and OEMs the ability to create rich-media user experiences on various devices. Bluestreak Technology is a technology partner with such industry leaders as STMicroelectronics, ACCESS, Orange, KPN, Videotron, Time Warner Cable, Thomson, NDS and OpenTV.

France's Iris Capital, a new investor, led the round, which also includes internal investors Solidarity Fund QFL, BDC Venture Capital and First Capital Group along with new investor Tomorrow Group from Korea.

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