By
Telecom Lead Team: SeaWell Networks, a provider
of multi-platform video delivery software for network operators, has secured $5
million in Series B investment.
The funding is
led by Northwater Intellectual Property Fund LP 2 and included
participation by BDC Venture Capital.
The funding
will be used to support ongoing trials with customers, and to expand SeaWell’s
sales and distribution capability while continuing to augment the development
of the company’s core product offering, Spectrum.
This is an
important step for SeaWell and demonstrates continued support from our founding
partners. As the industry continues to take huge strides toward broadband
video, our vision of putting intelligence into the network comes into focus,”
said Brian Collie, co-founder and CEO of SeaWell Networks.
The company
stressed on its Spectrum’s solution and said that it provides a superior user
experience by enabling the delivery of adaptive bit rate (ABR) streams to
multiple devices, while giving network operators unprecedented network and
session control.
Additionally,
Spectrum allows network operators to monetize content, and enable them to
dynamically insert unique ads into ABR streams based on the viewer’s session
information and subscriber profile parameters, including device type and zip
code.
The reality
of subscriber video services today is that they must deliver to multiple
screens. This fact will lead to an explosion of activity from network operators
as they develop and deploy TV Everywhere products. With a solid management team
and market-tested adaptive streaming products, SeaWell is well positioned to help
them do it,” said Colin Dixon of TDG Research.
