Cisco Systems has invested in a peer-to-peer Internet TV start-up.
The Seattle-based start-up GridNetworks said that Cisco is one of two "strategic investors" that contributed to the company's $9.5 million series A round of funding announced in October. The venture capital firm Panorama Capital of Menlo Park, Calif., was named as the lead investor when the funding was first announced.
GridNetworks, which launched its service in November 2006, has taken a hybrid approach to delivering high-definition movies and TV shows over the Internet. It uses both peer-to-peer technology, which leverages content distributed on users' computers all … Read more