Nokeena Networks announced Thursday that it's secured $6.5 million in new venture capital, bringing the Santa Clara, Calif-based startup’s total funding to $15 million.
Forty-year-old investment firm Mayfield Fund, which traditionally targets companies in consumer and energy technology sectors, joins previous investors Clearstone Venture Partners and Trinity Investments, which both helped raise $8.7 million for Nokeena last August.
“We are honored now to add Mayfield Fund to our prestigious group of blue-chip investors and look forward to leveraging their expertise in the online video market,” said Nokeena co-founder and CEO Rajan Raghavan in the press release.
This latest arrival of funding comes just two months after the company launched its media delivery solution to video publishers and content networks.
At the core of Nokeena’s media solution is the promise to offer a new affordable and profitable media infrastructure solution that will allow for TV-quality streaming online. The startup’s key software, called Media Flow Director, fulfills this vision by uniting several technological advancements in optimization with an open architecture.
Navin Chaddha, Mayfield MD and co-founder of VXTreme (or Windows Media), sounds genuinely excited about the company’s new investment: “We look forward to working with Rajan, Prabakar and their team to establish Nokeena as the standard for online media serving at massive scale, while providing a television-like viewing experience at dramatically lower delivery costs.”
More details on Nokeena’s software solution can be found here.
(image source: http://www.nokeena.com/)
