SeaWell Networks Secures $5M in Series B Funding
Summary
The round was led by Northwater Intellectual Property Fund LP 2 with participation from BDC Venture Capital.The company intends to use the funding for ongoing trials with lead customers, expansion of sales and distribution capability, and development of its core product offering, Spectrum.Led by co-founder and CEO Brian Collie, SeaWell Networks provides software for service providers to manage and optimize the delivery of HTTP adaptive bit rate (ABR) streaming video to any device or platform.Its adaptive bit rate (ABR) management solution, Spectrum, simplifies the delivery of video while enabling new ways to monetize content.FinSMEs 31/01/2012 SeaWell Networks, Northwater Intellectual Property Fund LP 2, BDC Venture Capital,
Funding
Amount
$5.0M
Total raised
Date
January 31, 2012
Announcement date
Investors
Northwater Capital, Business Development Bank of Canada
Lead investors
Company
http://www.seawellnetworks.com
Funded company
Classifications
industries
Aerospace
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected