Veoh Networks Receives Series A Funding to Support First Internet Television Peercasting Network Launch; Shelter Capital Partners Invests in New Internet Service That Redefines TV by Allowing Anyone to Broadcast Full-Screen, Television-Quality Video
Summary
Veoh Networks was founded in 2004 by Dmitry Shapiro, a technologist best known for creating the worlds leading P2P security software that manages more than one million enterprise users, regulating applications such as BitTorrent and Grokster. Veohs management and advisory team also includes executives from Coca-Cola, Columbia Pictures, eBay, Gateway Computer and Musicmatch. "Veoh provides an open system that allows producers to distribute their content directly to consumers, bypassing the traditional hurdles of getting picked up by a major television network." Veoh software, installed on consumers PCs or Macs, creates a virtual television network that is able to distribute TV-quality, full-screen broadcast video to hundreds of millions of users with broadband Internet connections. "There is a growing market opportunity for such a service, and the Veoh team is uniquely qualified to deliver on such a grand vision."
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