Kasenna, a start-up based in Mountain View, California, raised $11 million in venture funding for its VOD programming and next-generation platforms for video content and service delivery.
Kasenna's video content and service delivery platform is open standards-based with an intelligent management infrastructure that allows service providers to build commercial-grade IP video networks to support new IPTV services. Kasenna was originally a division of SGI (Silicon Graphics, Inc.).
The company cited major customer wins on the telco and cable side including Cavalier Telephone, Charter Communications, Fastweb, and SaskTel, along with numerous independent telecommunications service providers.
The new funding round was led by Intel Capital with participation by all existing major investors.
| Video Networks that Pay As You Grow |
| Video-on-demand (VOD) service is one of the best ways for broadband service providers to add new revenue and improve customer retention, but so far, the presumed dash to implement it has been more of a stroll. While there are growing signs of VOD service adoption, worldwide VOD deployment in general has been slower than expected. There's a pretty simple business reason for this: money. | |
