Content delivery company Radiance sells to Comcast for $5M
Radiance Technologies, a Santa Clara, Calif. company that builds systems to help large companies distribute video and other digital information, has sold to Comcast for $5 million, Multichannel reports. Investors will be marking this one in the loss column. The company, founded in 2000, had raised a total of $26 million from Sutter Hill Ventures, Vanguard Ventures, Levensohn Venture Partners, ChevronTexaco Venture Equities and Net Partners
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.