Internet content optimization delivery developer Oversi Networks Ltd., a provider of over-the-top Internet video and peer-to-peer (P2P) caching solutions, has raised $4.9 million. Carmel Ventures led the round, joined by Cisco Systems Inc. (Nasdaq: CSCO), smac partners, and Stage One Ventures.
Oversi president and CEO David Tolub said, "This additional funding will allow Oversi to go to the next step in our strategy - enabling fixed and mobile operators to offer assured QoE (Quality of Experience), valuable tiered services and content."
Oversi offers an OTT caching and content delivery platform which enables operators to deliver quality Internet video experience to their customers, while saving on operating and capital expenditures. Oversi's video cache and P2P cache solutions enable service providers to cope with the huge traffic load on their networks while significantly improving subscribers' QoE.
Oversi was founded in 2004 by Ofer Wald, who previously founded Surfree Ltd., and, and director Eitan Efron, and founder of KereniX Networks Ltd. According to the Israel Venture Association, Oversi has raised $14.5 million to date.
Tolub added, “We have recently won several new strategic accounts, including several large Tier 1 operators. Caching has become a basic requirement for operators wishing to reduce expenses while enhancing QoE. Our out-of-band technology has been endorsed by the industry as the solution of choice for fixed and mobile service providers.
Published by Globes [online], Israel business news - www.globes-online.com - on October 18, 2010
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