Cisco, TELUS invest in Widevine
Widevine, which claims to have more than 90 service customers, has raised about $62 million so far. Existing Widevine investors VantagePoint, Bear Stearns Constellation Ventures, Pacesetter Capital and Phoenix Partners also participated in the Series C round.
Cisco cited Widevine's "leadership position" in content protection and digital forensics as reasons for its investment. Scientific Atlanta, which was acquired by Cisco earlier this year, has been demonstrating a downloadable version of its PowerKEY conditional access system, but has not announced any specific ties to Widevine or its technology. The U.S. cable industry is pursuing DCAS as a replacement for the more expensive CableCARD as a separable form of encryption for digital video services.
Canada-based TELUS supports 10.2 million customer "connections," including 4.5 million wireless subscribers.
Widevine's flagship is the Cypher Virtual SmartCard, a downloadable, software-based encryption platform.