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March 21, 2007
UbicMedia Founder Goes From Supercomputing To Consumer Video
UbicMedia, a freshly founded French startup, is set to launch in May a new video and film platform called PUMit, which is still under wraps but is signing up beta reviewers.
Not much is being said about its tech yet, but its chief marketing man Pierre Col gave us a few insights this week. The company has several patents on enabling a combination of Video on Demand and P2P streaming of films and videos.
Founded on the belief that Internet distribution will replace DVD distribution of film and consumers will adopt home server technologies (such as the one Microsoft talked about at CES 2007), UbicMedia hopes that Pumit will be there to meet the demand, covering distribution, rights management, and payment on its platform.
The has team raised €320K round of seed finance.
It's not the only one aiming to do this but UbicMedia has an interesting founder, Alain Rosset. The 57 year old was behind a couple of other seriously techie ventures in the past : namely Archipel (supercomputers & parallel architectures) and SGDL Inc (modeling and algorithmic optimization). and is hiring up experienced management which might help.
Maybe this time around, it’ll be a seriously financially successful venture.
Col (picture right) recently joined from publicly-traded Jet Multimedia group, which does about €250M in annual sales, where for a decade he handled marketing, communication and investor relations roles. Before that he was with Infogrames and then at Cosmosbay where he was marketing director.
The Pumit software was developed in the labs of French research institutes CNDP, l'INA, and France 5 and invested 3 years of R&D in it. The initial funding of the company was with "love money" from Rosset's friends and family.
Read UbicMedia raised 320 kEuros in first-round financing (press rel)
Posted on March 21, 2007 07:05 AM | Posted to News And Updates | Permalink
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