Zixi Raises $4 million In Venture Capital

Cloud start-up Zixi has received $4 million in its first round of funding led by Boston-based private investment firm Schooner Capital.

Zixi offers technology that allows users to broadcast high-quality HD live and on-demand video over the cloud. The company's software is used by network operators, broadcasters, video on-demand services and device makers to deliver jitter-free, high-quality video. Some of the company's customers include Reuters, CBS Sports, CNN and Netgear.

What sets Zixi's technology apart from other offerings is that it allows broadcasters to offer high-definition video anywhere in the world on any device without incurring heavy costs. Zixi's software also results in low start-up time and results in significantly reduced bandwidth loss.

Under the latest round of financing, the company also received funding from Sidney Topol, former chairman and CEO of Scientific Atlanta, and Maurice "Reese" Schonfeld, co-founder and first chief executive of CNN and the founder and former president of the Food Network.

“The new investment from Schooner Capital, along with Reese Schonfeld and Sid Topol, further validates the Zixi software solution to enable broadcast-quality HDTV globally over the public Internet,” Israel Drori, CEO and Founder of Zixi, said in a statement.

“We intend to continue to raise the standard of high-definition video transport over the Internet for broadcast, enterprise and Internet video-on-demand services,” he added.