Wednesday, October 20, 2010

Kontiki Raises $10.7M

Sunnyvale-based Kontiki, a provider of video delivery services for enterprises, said Wednesday that it has raised $10.7M in a Series B funding round. the round was led by MK Capital, and also included New world Ventures and Cross Creek Capital. The firm said the funding will go towards product development, sales and marketing programs. Kontiki's services are used to provide video access to remote offices and distributed environments, particularly for video conferencing, video broadcasts, and other corporate use of video. More information »