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Move Networks Raises $3.0M, Sets Up Shop In Irvine

socalTECH

Move Networks , a developer of adaptive streaming technology used to stream high definition television over the Internet, has raised $3.0M Source of the funding was not disclosed, however, Dan Beldy, a venture capitalist at Steamboat Ventures, remains listed as a board member. and Steamboat Ventures.

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Move Networks Acquired by Echostar

socalTECH

Move Networks , the venture backed developer of high definition streaming technology for Internet video, has been acquired by Echostar , the firms said Thursday afternoon. Financial terms of the buy were not disclosed.

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EdgeCast Networks Raises $10M

socalTECH

Santa Monica-based EdgeCast Networks , a content delivery network (CDN) provider, is announcing today that it has raised $10M in a Series C funding round. EdgeCast said the round was led by Menlo Ventures, and also includes an investment from Steamboat Ventures, a prior investor in the company. READ MORE>>.

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EdgeCast Gets $54M For Content Delivery Efforts

socalTECH

Santa Monica-based content delivery network EdgeCast has just filled up its warchest, announcing Thursday that it has raised $54M in a big funding round. The new funding was led by Performance Equity Management, and also included existing investors Menlo Ventures and Steamboat Ventures. READ MORE>>.

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Passenger Gains $7.5M More

socalTECH

Los Angeles-based Passenger , a developer of private social networking sites for brands, said today that it has raised an additional $7.5M The round came from Shelter Capital Partners, StarVest Partners, and Steamboat Ventures, all existing investors in the firm. in an investment. READ MORE>>.

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This Week in Venture Capital – Episode 4

Both Sides of the Table

Blippy (and their competitor Swipely – which was founded by Angus Davis , who has a great track record from both Netscape and TellMe, both aim to capitalize on the era of consumers living more openly ala Twitter, Foursquare and Gowalla. Investors: August Capital (David Hornik) (lead) with existing investors Charles River Ventures.

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Passenger Gets Win With NYSE Euronext

socalTECH

Los Angeles-based Passenger , which develops online communities for brands, said Thursday that the firm is powering a new private online community for NYSE Euronext (NYX). Passenger is venture backed by Shelter Capital Partners, StarVest Partners, and Steamboat Ventures. READ MORE>>.