Blue Falcon Flies High With $8.5 Million More In Funding - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Blue Falcon Flies High With $8.5 Million More In Funding

Blue Falcon Networks wants to help content providers contend with ever-increasing media-streaming demands without having to invest heavily in bandwidth and infrastructure, and now it's got more money to make that happen. The Los Angeles provider of peer-to-peer digital content-delivery software last week received $8.5 million in a third round of venture financing that brings total capital raised to $20 million.

Half of the funds came from Sprout Group. As part of the arrangement with Sprout, Josh Goldman, former CEO of mySimon, takes over as CEO of Blue Falcon, a post president and chief operating officer Jay Haynes had occupied.

Blue Falcon's server-and client-side software lets content providers tap consumers' PCs to avoid bandwidth drains. As multiple streams are requested, many of them piggyback onto the streams of others. The client software acts as a load-balancing system, monitoring client performance and rerouting streaming requests on the fly.

A business model focused solely on slashing content providers' streaming-related costs is "probably not a long-term strategy," says Greg Howard, analyst at research firm HTRC Group. Where Blue Falcon is likely to see the most promise down the line is in using its peer-to-peer architecture to reduce the drain on company networks as larger files, such as training videos, are made available for employees.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
News
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Commentary
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll