Cisco, Comcast and Benchmark invest in online TV developer Move Networks

Online TV developer Move Networks added a trio of high-powered strategic investors in its new $46 million venture round, along with new financial investor Benchmark Capital. Networking hardware leader Cisco Systems Inc., cable giant Comcast Corp. and leading Spanish language broadcaster Grupo Televisa of Mexico joined the round, which backs up earlier investment from Hummer Winblad Partners and Disney venture arm Steamboat Ventures, to expand technology that helps incumbent broadcasters and content publishers including ABC, The CW, Discovery, ESPN, and Fox adapt television programs for Internet delivery. -- Clifford Carlsen

See April 14 press release from Move Networks
See April 14 post on Move's funding from Tech Crunch

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