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Short Take: AppStream lands additional funding

AppStream, which specializes in technology for speeding up networks, today announced it has received $35.5 million in second-round financing from Intel, Sun Microsystems, Qualcomm founder Andrew Viterbi, Deutsche Banc Alex Brown and others. In addition, AppStream will work with Intel and Sun, typically bitter rivals, in marketing and development opportunities. The company focuses on "intelligent streaming" technology that accelerates data transfer on a network.

Michael Kanellos Staff Writer, CNET News.com
Michael Kanellos is editor at large at CNET News.com, where he covers hardware, research and development, start-ups and the tech industry overseas.
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AppStream, which specializes in technology for speeding up networks, today announced it has received $35.5 million in second-round financing from Intel, Sun Microsystems, Qualcomm founder Andrew Viterbi, Deutsche Banc Alex Brown and others. In addition, AppStream will work with Intel and Sun, typically bitter rivals, in marketing and development opportunities. The company focuses on "intelligent streaming" technology that accelerates data transfer on a network.