The question quickly is becoming, "Who doesn't have an online video startup?"
Whether the world needs it or not, a company called DigiMeld Inc., which makes software for streaming and live Internet broadcasting, on Thursday announced it has raised $2 million in Series A funding from angel investors that included industry veterans. The company was started by Alex Mashinsky (pictured), who was the man behind
Arbinet-thexchange [ARBX], a publicly traded electronic telecommunications exchange. In between Arbinet and DigiMeld Mashinsky came up with LimoRes.net, a Web platform for ground transportation services.
DigiMeld promises to grant content providers with the ability to create unlimited video channels and more efficiently stream video, including HD video over the Internet, while conserving bandwidth and minimizing costs, which just happen to be the Holy Grail of online video delivery. It claims to have successfuly tested with NASA Television (what channel is that?) in a range of live Internet broadcast trials, including a simultaneous broadcast of a shuttle launch, with no downtime and more than 100,000 live, high-quality concurrent video streams.
The rest of the spiel from DigiMeld is that unlike traditional content delivery networks, its technology allows each viewer in the streaming network to simultaneously retrieve, view and share streaming video data with other viewers inside a safe, encrypted network.
Mashinsky is a smart guy so I definitely wouldn't bet against him. News of the funding comes in the same week that another online video delivery firm, Conviva Inc., announced it had raised $20 million with the promise of making high-quality, live and affordable broadcast feeds over the Internet. Good luck to all. -- David Shabelman
See Aug. 25 post on Conviva from Tech Confidential
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