VectorMAX raises $1 million to expand Internet video delivery systems
VectorMAX, a developer of Internet video delivery technologies has pulled in $1,000,000 in funding by way of common stock.
The company is comprised of four main products: TVAnywhere, MediaAnywhere, MobileAnywhere and VideoAnywhere. As you might imagine the idea is to bring those four fields to mobile devices in an on-demand fashion.
Internet Protocol Television (IPTV) is a big part of what VectorMAX does. Other players in this arena include Vuze, which raised $20 million at the end of last year.
The company has gotten $100,000 of the $1 million round so far and it was contributed to by all individual investors. VectorMAX is based in Jersey City, NJ.
Next Story: Free phone service Nimbuzz offers “everything”
Previous Story: Quickoffice, raises $3M to help deliver mobile office software — just in time for the upgraded iPhone
About the Author, MG Siegler
MG Siegler writes about technology trends and new media for VentureBeat, with a focus on mobile topics, social elements and key news stories. Before that, MG wrote about technology on his blog, ParisLemon. Originally from Ohio, MG attended the University of Michigan where he studied film. He's previously lived in Los Angeles where he worked in Hollywood and in San Diego where he did web development. He now lives in San Francisco.