Cisco, has recently announced that it has invested in Apalya Technologies Private Limited. By this, it will managed to enhance its video capabilities. Apalya in its funding has raised a total of $10 million. Apart from Cisco, companies that invested include, IDG Venture India, Indo US Venture Partner and Qualcomm.
Investing in Apalya has helped Cisco by adding live television and mobile video capabilities to its Videoscape architecture. Integrating Cisco’s video delivery platform from Apalya will help both the companies to position themselves as multi-system operators in India, who will operate multi cable or direct-broadcast satellite TV systems. However, not much details been disclosed by either of the companies yet.
Apalya’s video delivery platform which makes content suitable for viewing on all screens, has over 15 millions users.
Prior to this, Apalya raised a series of fundings, including $7.5 Million from IndoUS Venture Partners, IDG and Qualcomm in 2011; $3 million from Qualcomm Venture and IDG Ventures in 2009; and an angel round from Mumbai Angels in 2008.Category Internet Investments News