Blackwave Raises $7M to Fund Continued Growth

Blackwave, an innovator in Internet video storage and delivery infrastructure, completed a $7m series C funding, bringing its total venture and strategic capital funding to more than $29m.
This funding includes investment by Globespan Capital Partners, Flybridge Capital Partners and Sigma Partners.
The Acton, Massachusetts-based company will use the capital to fund its ongoing domestic and international sales and marketing expansion.
Commenting on the funding, Bob Rizika, Blackwave’s CEO, said: “This renewed investment, combined with the ongoing acquisition of a range of new customers and partners, signals the market’s great confidence in our technology and our value proposition”.

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