Video Caching Market - Oversi Raises $4.9M

   

Few days ago I posted an article on the video caching market growth (see "Video Caching Market Finally Growing" - here). Today, Oversi, one of the earlier players in this market, announced that : "it has completed a new investment round, totaling US$ 4.9 million, led by Carmel Ventures together with Cisco(R), smac partners and StageOne Ventures"

See "Oversi Raises $4.9 Million of Funding" - here.

David Tolub, Oversi's President and CEO, said: "We have recently won several new strategic accounts, including several large Tier 1 operators. Caching has become a basic requirement for operators wishing to reduce expenses while enhancing QoE (Quality of Experience). Our Out-of-band technology has been endorsed by the industry as the solution of choice for fixed and mobile service providers, and our caching system, OverCacheTM is delivering tens of Gbps of Net Cache Out. This additional funding will allow Oversi to go to the next step in our strategy - enabling fixed and mobile operators to offer assured QoE (Quality of Experience), valuable tiered services and content. I am extremely pleased with this new funding and vote of confidence by our investors."