Nokeena Networks said today it has raised $6.5 million in funding in a round led by Mayfield Fund that’s intended to supplement the startup’s marketing and sales efforts. Nokeena makes an appliance called the Media Flow Director that takes a server-side approach to ensuring a smooth video delivery experience by managing changes in demand, end users’ connection speeds, and network conditions.
Santa Clara, Calif.-based Nokeena, which was incubated at Clearstone Venture Partners, says it can lower the cost of video delivery since it runs on commodity hardware while making video more TV-like (read: reliable and high quality, at least as far as the stream goes). The company was founded in 2008 and has now raised a total of $15 million. We first wrote about Nokeena last summer when it was just emerging, then covered its launch in April. We can see why Nokeena would want to bump up marketing and sales; the company has so far announced only one customer, Break Media, which says it uses a combination of Nokeena servers and CDNs to deliver video.
Alongside the funding, Navin Chaddha, who had previously co-founded VXTreme (which became Windows Media) and is now a managing director at Mayield, joined Nokeena’s board of directors.