Clearleap Raises $4.5 Million Round


Web-based video-on-demand systems vendor Clearleap secured $4.5 million in funding from existing investors Noro-Mosely Partners, Trinity Ventures and Silicon Valley Bank.

The financing brings the Duluth, Ga.-based startup to $16.8 million raised to date. Clearleap has deployed its Web-based content management and delivery platform into more than 35 cable and IPTV systems, including six of the top 10 operators in the U.S.

The company's customers include Verizon FiOS TV, Comcast's Houston division, Mediacom Communications and Bresnan Communications.

Clearleap, founded in 2008, said it will use the new round of funding to develop its Stream On Demand solution, which is designed to let TV service providers stream video over existing broadband networks directly to Internet connected set-tops, TVs or other devices. The company recently announced partnerships with Roku and RCDb to deliver content.