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
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
Commentary
Gartner Forecast Sees 7.3% Shrinkage in IT Spending for 2020
Joao-Pierre S. Ruth, Senior Writer,  7/15/2020
Slideshows
10 Ways AI Is Transforming Enterprise Software
Cynthia Harvey, Freelance Journalist, InformationWeek,  7/13/2020
Commentary
IT Career Paths You May Not Have Considered
Lisa Morgan, Freelance Writer,  6/30/2020
Register for InformationWeek Newsletters
Video
Current Issue
Special Report: Why Performance Testing is Crucial Today
This special report will help enterprises determine what they should expect from performance testing solutions and how to put them to work most efficiently. Get it today!
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