Oversi-1
Oversi, which provides peer-to-peer caching and content delivery for video, has raised $8-million in a private financing led by Cisco Systems. It's interesting to see P2P being embraced by "mainstream" telecom equipment suppliers given so many people equate P2P with free downloads. Oversi CEO Joav Avtalion said:

"We see Cisco's investment as an exciting milestone for our company, helping us to grow our business in line with the fast-evolving world of online video and P2P content distribution. With so much video and TV on the Internet, bandwidth is becoming the key issue. Using our P2P solutions, service providers can deliver up to 20 times more bandwidth using their existing infrastructures, instead of investing billions of dollars in expensive upgrades. We look forward to a fruitful and continued collaboration with our investment partners."

Technorati Tags: