Cisco takes stake in Oversi
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Cisco Systems has taken a stake in an Israeli equipment start-up focused on content delivery.
The router giant participated in an $8 million round of funding in Oversi, which emerged late last year with a proposed solution to the problems created by peer-to-peer (P2P) traffic in the network.
The extended second round, led by Carmel Ventures and joined by StageOne Ventures and TempoPark Fund, brings Oversi’s total funding to more than $15 million.
Oversi will use the new funds to expand its sales and distribution channels and develop new products in the P2P streaming and delivery space.
The company’s equipment caches content to relieve the burden on other network infrastructure.
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© 2009 Penton Media Inc.
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