Peer-to-Peer (P2P) content delivery company Oversi announced today that it has closed a $6 million round of financing led by Carmel Ventures. Carmel is joined by existing investors StageOne Ventures, Lab-One Innovations and TempoPark Fund which is advised by the German VC smac partners.
Oversi was founded in 2004 by CTO Ofer Wald, and VP Marketing and Business Development, Eitan Efron, within the facilities of the Lab-One Innovations incubator. The company is headed by Joav Avtalion, a co-founder of NICE Systems (Nasdaq: NICE; TASE: NICE). The company's systems are successfully implemented by Internet service providers worldwide.
Oversi offers service providers a single, scalable platform for delivering a media services, including scalable high throughput content delivery, Internet TV and Video on Demand (VoD), online storage and back-up, personalized advertising, and community networking. Oversi’s platform is based on its patented Scalable Grid Service System (SGSS) that is optimized to store and deliver large amounts of internet data and traffic.
Published by Globes [online], Israel business news - www.globes.co.il - on December 12, 2006
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