Broadbus picks up more than $12 million

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Broadbus Technologies is expected to announce Monday it has raised more than $12 million in its first funding round. Battery Ventures and Charles River Ventures led the round, with Comcast Interactive Capital, Wolf Ventures and other private investors participating. Representatives from Battery and Charles River will join the company's board. Boxborough, Mass.-based Broadbus produces video-on-demand server systems for the cable television industry.