– SeaWell Networks, a provider of Internet video distribution services,
announced on Monday that it has raised $6.8 million in its first round of
venture capital financing, led by BDC Venture Capital.
Property Fund and Ontario Centres of Excellence also participated.
2008, Toronto-based SeaWell provides video distribution services that utilize
the H.264 SVC codec.
The company said it is also developing technology that
"not only enables a TV-like viewing experience but also significantly
reduces the cost of delivering content.