Edgeware has closed a $8 million series B round of funding led by new investor, Micron Technology with full participation from Edgeware's Series A investors, Amadeus Capital Partners and Creandum Advisor.
The funds will be used to accelerate Edgeware's increasing presence in the global market. In particular, it will strengthen the ambitions in the North American market where the company already has a number of key customers.
Edgeware provides server systems and associated technology for TV services over the Web and for TV on-demand services in Telco and cable network environments. Edgeware was founded in 2004 with the idea of merging delivery capability of on demand TV and video services into the service provider network, using highly efficient dedicated network appliances.
Different from competing products that are usually based on generic computer hardware, Edgeware's servers are dedicated, highly efficient network appliances that are deployed in anything from central clusters to highly distributed architectures. Edgeware uses a combination of NAND flash memory storage and a hardware implemented data plane to obtain a solution which is highly reliable and by orders of magnitude smaller in footprint and power consumption.
Edgeware is the supplier of revolutionary server systems for on-demand TV, setting new industry standards for video streaming over IP. Edgeware enables VoD, Time Shifted TV, Web TV and Ad-insertion services, with unmatched scalability and at the lowest investment and operational cost on the market.
Edgeware is nominated for the 2009 IPTV World Series Awards in two categories:
- "Best On-Demand Technology for IPTV" and "Best Internet TV Technology/Solution".
- These solutions will be showcased at IPTV World Forum in London, March 25-27, Booth 226.