Video Storage and Infrastructure Company Blackwave Raises $7 Million

Posted Oct 2, 2009

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.