Monday, August 07, 2006

Maven Networks Raises $12 Million in Third Round of Venture Capital - Cambridge, MA

Maven Networks, a Cambridge-based developer of broadband video delivery systems, has raised $12 million in its third round of venture capital, led by Prism Venture Partners, based in Westwood. Maven Networks' products allow media companies to create, manage and deliver broadband video channels that support direct-to-consumer services and generate new revenue streams. Its customers include 20th Century Fox, A&E Television Networks International, Disney Buena Vista Pictures, Hallmark Channel, National Geographic Channel, Pepsi, Nike, and Sony Pictures. Other investors in Maven's latest funding round include Palo Alto-based Accel Partners and General Catalyst Partners of Cambridge. The company has raised a total of $30 million to date.


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