Tuesday, September 29, 2009

VoIP storage hardware firm Blackwave lands $3M financing

By Galen Moore

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Blackwave Inc.  has received $3.5 million toward a new, $9 million round of financing, the company reports in federal documents posted today.

The tranche brings total investment in Blackwave to $24.5 million since its founding in 2006. The Acton company raised $16 million in 2007 and changed its name. Blackwave was originally founded as Acinion Inc.

The documents posted to the U.S. Securities and Exchange Commission’s website, identified no new investors in Blackwave, which makes storage hardware for video over Internet protocol.

Existing investors Flybridge Capital Partners, Globespan Partners and Sigma Partners all retain seats on the Acton company’s board, the document indicates. Officials at Blackwave could not immediately be reached for comment.

Earlier this year, Blackwave announced its first foray into the content delivery network business, supplying video storage and distribution equipment to CDNetworks, which has a large presence in Asian markets.

At the same time, Blackwave announced its first video production system, the R6, designed to deliver video in multiple protocols from a single platform.