VOD Vendor Edgeware Raises $8 Million3/17/2009 11:58 AM Eastern
Edgeware, which sells video-on-demand servers that use flash-memory storage, has closed an $8 million series B round of funding, led by Micron Technology with participation from previous investors Amadeus Capital Partners and Creandum Advisor.
The Stockholm, Sweden-based company also has opened a U.S. office in San Jose, Calif., and announced the hiring of former Motorola sales executive David Appleman to lead its sales efforts in the Americas. Edgeware has about 30 employees worldwide.
Edgeware, founded in 2004, provides VOD servers for cable and IPTV providers, as well as Internet-delivered TV services. In the U.S., the company is working with broadband-video startup ZillionTV. Edgeware claims its 1-rack-unit Orbit server can deliver 5,400 concurrent MPEG-2 standard-definition streams.