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DigiMeld Launches New Grid Streaming Solutions; Firm Delivers Most Efficient Method of Streaming HD Video Over the InternetDigiMeld Raises Series A Round of Financing From Angel Investors; Completes Successful Trials of Live Broadcast Events on th (September 03, 2008)
DMN Newswire--2008-9-3--DigiMeld, a provider of software solutions for streaming and live Internet broadcasting, today announced that it will deliver a new service that will enable content providers to create unlimited video channels and more efficiently stream video, including HD video, over the Internet while conserving bandwidth and minimizing costs. DigiMeld's intelligent grid-streaming solution has been successfully tested with NASA Television in a range of live Internet broadcast trials, including a simultaneous broadcast of a shuttle launch, with no down time and more than 100,000 live, high-quality concurrent video streams.
DigiMeld also today announced that it has completed a $2 million Series A round of financing from angel investors that include industry veterans.
Developed by noted technology entrepreneur Alex Mashinsky, a founder of Arbinet-thexchange, Inc. [Nasdaq: ARBX], DigiMeld leverages a patent-pending software architecture that enables intelligent distribution of content among a network of Internet video viewers. DigiMeld will market this solution to network providers, content delivery network (CDN) firms, and a wide range of video content-holders, including broadcasters, user-generated content (UGC) sites, and business enterprise customers.
Unlike traditional CDNs or multicast network solutions, the DigiMeld solution allows each viewer in the DigiMeld grid streaming network to simultaneously retrieve, view, and share streaming video data with other viewers, inside a safe, encrypted network. This approach differs from P2P file-sharing firms such as BitTorrent, which downloads an entire video file to a viewer's hard drive in that DigiMeld only stores a portion of the streamed content in a viewer's evanescent memory during viewing. This slice of video is continuously overwritten by newly-arriving streams, enhancing efficiency of network bandwidth and increasing copyright protection, including digital rights management (DRM).
"We are providing tools that will enable anyone to launch their own video channel and ensure that the web video revolution continues to expand. Our previous work at Arbinet, which created the industry's largest exchange, has enabled us to see the problems inherent in video delivery over the public Internet, and we are responding with a grid streaming solution that delivers video using available bandwidth from ISPs, efficiently and cost-effectively," said Mashinsky. "With our intelligent grid streaming solution, we can provide greater cost efficiencies, a superior user experience which is not available to the mid-size content providers, and an improved network load balance beyond what traditional CDNs currently offer."
DigiMeld is developing a portal for narrowcast video publishers to test its network, at DigiMeld.com, and is creating a personalized video player that can:
generate a user-controlled playlist for self-publishing of linear video channels deliver concurrent viewer real-time statistics and demographics create geographically targeted broadcasts
Through the use of the OptimizedIP services of Arbinet, the world's largest electronic marketplace for communications trading with more than 1,100 connected carriers, DigiMeld sends its traffic via the best performing major Tier 1 ISP at any given time to further enhance viewer experience. Unlike traditional CDNs such as Aramaic and Limelight, DigiMeld's platform dynamically and periodically selects the optimal network to deliver the traffic.
"The CDN industry is based on an architecture that is inflexible and does not optimize the bandwidth constraints of any IP network. DigiMeld is designed for today's Internet video bottleneck," said Mark Kirstein, president of Multimedia Intelligence. "The value of using a cost-effective solution for video is of great urgency to the industry overall, as new channels are added everyday and major content-holders seek to push more of their content downstream to web users."
DigiMeld Inc., based in mid-town Manhattan, provides broadcasters, networks, and business enterprises with a high-quality, affordable way to stream live, linear video channels, and 24/7 over the Internet. For more information, please visit the company web site at www.digimeld.com.
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EDITOR'S NOTE: If you would like a color photograph of Alex Mashinsky, CEO of DigiMeld, or screenshots of DigiMeld solutions, please contact Chris Pfaff at 201-218-0262 or [email protected]
Related Keywords:DigiMeld, Alex Mashinsky, grid streaming, NASA Television, Arbinet, CDN, UGC,