Video - Thursday, November 29, 2007
IPTV's Avail Media Finalizes $25M Round
Reston, VA-based Avail Media has finalized a $25M series B round. The financing comes with $5M in debt financing from an un-named strategic investor and Silicon Valley Bank. The company sells a video on demand platform to cable companies, satellite companies and telcos that want to serve video across to both your TV and laptop. The company has yet to announce any big telco, satellite or cable client wins but says that's what 2008 is for. Avail Media formed in early 2007 as a result of the merger of two rivals, Auroras and Broadstream.
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