Video Storage and Infrastructure Company Blackwave Raises $7 Million

Blackwave is an Acton, Mass. based company that hosts and streams videos on the Internet. The company has recently raised $7 million in Series C from Globespan Capital Partners, Sigma Partners, and Flybridge Capital Partners. Thus far Blackwave has raised a total of $29 million in total funding.

“This renewed investment, combined with the ongoing acquisition of a range of new customers and partners, signals the market’s great confidence in our technology and our value proposition,” stated Blackwave CEO Bob Rizika.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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