Mountain View, CA-based Kasenna closed an $11 million round of venture capital financing led by Intel Capital. Return backers contributed as well. The VOD and IPTV distribution company plans to use the cash to accelerate growth in the U.S. and international IPTV and cable markets. Kasenna says it "will continue to lead the rapid expansion of video over IP with open standards-based, high-performance turn-key solutions that enable service providers to quickly, easily and profitably deploy, scale, and manage emerging, revenue-generating IPTV entertainment services."
For more on Kasenna's $11M round:
- take a look at this press release