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GridNetworks Snags $9.5M To Fund Its HD Quality Internet Video Content Technology
'Mainstream television is moving to the Internet,' said Tony Naughtin, president and CEO of GridNetworks yesterday, as he announced $9.5 million Series A financing led by Panorama Capital and two strategic investors to be disclosed in the future. 'GridCasting is a great solution to support this. We provide a real television experience for the consumer, allow low-cost distribution, and produce a content delivery service that is very sympathetic to the ISP network,' he added.
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