Clearleap attracts $4.5M in funding
Clearleap has pulled in $4.5 million in financing to support the development and deployment of its new streaming platform for Web-based content.
The new round of financing is led by Noro-Mosely Partners, Trinity Ventures and Silicon Valley Bank.
The company's new Stream On Demand system extends the company's content management capabilities to enable television service providers to stream video over broadband networks directly to Internet-connected set-tops, devices and TVs.
Clearleap recently announced partnerships with Roku and RCDb to help TV operators extend their reach to connected devices and Blu-ray players, and the vendor will use the new round of funding to accelerate its compatibility with traditional and emerging set-top box and connected TV providers.
The company claims deployments by more than 35 cable and IPTV systems, including six of the top-10 operators in the U.S.