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Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

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March 11, 2008 12:00 AM

GridNetworks' secret investor: Cisco

Posted by Brier Dudley

When GridNetworks received $9.5 million in Series A funding in October, it didn't disclose two strategic investors involved in the deal.

Today, it's announcing that one of them is Cisco, adding some heft to the Seattle startup's pitch. Panorama Capital led the round.

GridNetworks offers technology for streaming high-definition video over the Internet, even on moderately fast broadband connections. The backend system is aimed at media companies, who are presumably buying a lot of networking gear from the likes of Cisco as they build up their online channels.

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Gadgets and games | Fun stuff I've written about lately includes Apple's iPhone, Hewlett-Packard's HDX laptop and Microsoft's Halo3. Also on the radar are new digital video boxes such as the Tivo HD and the Vudu.