SkyStream Raises $25 Million for its Video Networking

SkyStream Networks, a start-up based in Sunnyvale, California, secured $25 million in new funding for its video networking solutions. SkyStream's solutions enable service provider, enterprise and federal customers to deliver enhanced video and IP services over wired and wireless networks. Its customers and partners include BT, Clear Channel Worldwide, Convergent Media, EchoStar Communications Corp., Gilat, Hewlett-Packard, New Skies Satellites, Sony, Telefonica and Telespazio. The new funding round was led by 3i US; other investors included IVP, Mayfield and Norwest Venture Partners.
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