Widevine Technologies, a provider of downloadable content protection and digital forensics, this week attracted investments from Cisco (http://www.networkworld.com/news/financial/cisco.html?brl) and TELUS.
Widevine's products enable the acquisition of broadcast and video-on-demand content from studios and broadcasters. The company currently has more than 90 telco, cable, satellite and Internet service operator customers.
Cisco and TELUS participated in a US$16 million series C round of funding that included follow-on investments from VantagePoint, Bear Stearns Constellation Ventures, Pacesetter Capital and Phoenix Partners.
Cisco did not disclose the amount of its investment in Widevine, but video is key for the company. Cisco recently bought set-top box supplier Scientific-Atlanta (http://www.networkworld.com/news/2005/111805-cisco-scientific-atlanta.html?brl) for US$6.9 billion in an effort to gain a firm beachhead in the consumer entertainment market.