Verismo Networks, a Mountain View, California-based Internet TV platform, closed $17m in financing.
The round was led by Intel Capital, with participation from Verismo’s existing seed investors.
Verismo’s high-definition VuNow Internet TV platform allows Multi System Operators (MSOs), Internet Service Providers (ISPs) and Telcos to deliver traditional linear channels combined with value-added internet services such as VoIP and social networking applications over the Internet to their existing subscribers.
The platform uses the internet as a distribution method, allowing service providers to expand and reach new global markets with minimal investment in their infrastructure.
The company operates offices in Bangalore, India.