Liberty Global, Samsung Invest In Widevine

Video-Security Firm Raises $15 Million In Funding

Mike Reynolds -- Multichannel News, 12/14/2009 10:42:23 AM

Content-security firm Widevine Technologies announced that it has raised $15 million in funding from international cable operator Liberty Global, Samsung and a third unnamed corporate investor.
Widevine has positioned itself as providing the enabling digital rights management technologies required for "TV Everywhere" services offered by cable, satellite and telco TV providers, as well as to deliver video to Internet-connected consumer electronics.
"Widevine will use the additional capital to support and grow our customer base, broaden our product portfolio and defend our intellectual property," Widevine CEO Brian Baker said in a statement. "We are thrilled with the validation of our business, technology and markets provided by these industry leaders."
Previous investors in Seattle-based Widevine include Cisco Systems, Charter Ventures, Constellation Ventures, Dai Nippon Printing Co., PaceSetter Capital Group, Phoenix Partners, Telus, VantagePoint Venture Partners and Western Technology Investments.