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SkyStream Picks Up Comcast Money

By Matt Stump -- Multichannel News, 8/11/2003 7:17:00 AM

Comcast Interactive Capital Group joined AOL Time Warner Inc., Shaw Communications Inc. and a number of venture-capital firms in a new $29 million private funding round for SkyStream Networks Inc.

SkyStream's "Mediaplex Video Services Router" is designed to help operators with video-on-demand, interactive and Internet-protocol video deployments.

It's the first time CIC has invested money in the company, while AOL Time Warner and Shaw each reupped for a second time.

SkyStream has raised more than $88 million in two rounds of funding.

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