Nokeena takes $6.5M to speed up online video
Nokeena Networks, developer of a supposedly faster, higher-quality online video platform, has raised $6.5 million in a second round of funding led by Mayfield Fund, reports VentureWire. Based in Emeryville, Calif., the company says it plans to reduce the cost of the technology needed to serve better videos across the internet and to make computers more like televisions. To do so, it says, it can deliver more than 40,000 videos to users at the same time per server, when the industry standard is currently 2,000.
Nokeena previously brought in $8.7 million from Clearstone Venture Partners and Trinity Ventures. Both firms also participated in the recent round.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.