GridNetworks raises additional capital

GridNetworks, provider of managed Internet television delivery services, has announced that Cisco Systems has made an investment as a strategic investor in GridNetwork's first round funding. With this latest investment, GridNetworks raised a total of $9.5 million financing.

GridNetworks streams television and film content with HD clarity and high-fidelity sound to a computer or a television screen via the Internet. The company's technology provides content providers who are delivering video to the home with software, real-time service management, and intelligent, network friendly video streams working in tandem, to help ensure that millions of viewers can simultaneously watch full screen HD programming from the Internet.

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