Acinion Changes Name to Blackwave, Raises $16M in 2nd Round - Boston, MA

Acinion, a Boston-based provider of storage and delivery infrastructure technology for Internet video, on Monday announced that it has changed its name to Blackwave and raised $16 million in its second round of venture capital, led by Sigma Partners. Blackwave said that the funding round will allow it to expand its engineering, marketing and sales teams as it rolls out its Internet video storage and delivery systems in the first quarter of 2008. Other investors in the company include Globespan Capital Partners and IDG Ventures Boston.

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