Ankeena sale foreshadows online video gold rush | VentureBeat | Media | by Camille Ricketts
Summary
Sumant Mandal, managing director at Clearstone Venture Partners — which incubated Ankeena, formerly Nokeena Networks — says the sale is representative of the returns that are possible across the board in online video. “The offer was very exciting for the amount of time and money we spent on the company.” Seeing even more opportunity in the market, Mandal says that Clearstone is just starting to look into wireless video and backhaul services as other quick turnaround investments. Ankeena fit into this category, serving video across various platforms while simultaneously shrinking needed data center resources. In particular, startups offering data center or networking technology will probably need to seek partnerships with big fish like Cisco Systems, Alcatel-Lucent, and, of course, Juniper. Earlier this week, VentureBeat reported on Brightcove’s $12 million fundraise, suggesting that it might be one of a very few online video companies that survives all the way to an IPO.
