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Kontiki Formed to Enter Digital Media Delivery Market

(August 06, 2001)
Kontiki publicly announced the formation of the company, funding of over $18 million, an exceptional engineering team, the filing of several technology patents and the creation of a secure media delivery network which will help make the use of digital media -- video, audio, images and software -- pervasive on the Internet.

Kontiki has created a secure, software-based media delivery network called the Kontiki Delivery Network to bring the digital assets of enterprises and media companies directly to users' PCs in ways that haven't been available before. Its revolutionary patent-pending new technology, called Bandwidth Harvesting, utilizes the untapped bandwidth of millions of networked PCs at the "outer edge" of the Internet, controlled by a series of redundant and fault-tolerant network management servers directly attached to the Internet backbone.

With Kontiki's secure media delivery network -- which will begin private beta testing this week -- media companies and enterprises will be able to better manage, deliver and monetize digital content securely and efficiently. For users, Kontiki is providing TV-quality content right to their desktops via a simple, intuitive and hassle-free interface that allows them to obtain and manage the content they want, easily and automatically.

Backing the company are blue chip venture capital firms including The Barksdale Group, Benchmark Capital and Angel Investors. To date, Kontiki has raised $18 million in its Series A round.

Additional investors and advisors include individuals from a variety of well-known enterprise, media and Internet companies including Marc Andreessen (Chairman, Loudcloud and Netscape co-founder), Jeff Berg (CEO, International Creative Management, Inc.), John Giannandrea (CTO, Tellme Networks), Randy Komisar (Virtual CEO), Chris Lochhead (CMO, Scient), Stratton Sclavos (CEO, VeriSign) and Larry Sonsini (Partner, Wilson Sonsini Goodrich & Rosati).

Kontiki's Board of Directors includes Bill Campbell, chairman of Intuit, Peter Currie from The Barksdale Group and Kevin Harvey of Benchmark Capital, in addition to Kontiki executives Mike Homer and Wade Hennessey.

Leading Kontiki as chairman and CEO is Mike Homer, who served as general manager of America Online/Netscape's Netcenter, building the popular Internet portal into a destination for over 30 million users a month. He is also a board member of Palm Computing and TiVo and has been an investor and advisor to numerous Silicon Valley startups, including Loudcloud and Tellme Networks.

The company was founded by Homer and the other members of the executive management team, who include:

  • Wade Hennessey, chief technology officer and vice president of

    engineering, formerly vice president of engineering for AOL's

    product personalization division and instrumental in

    developing personalized software services such as My Netscape.

  • Tony Espinoza, vice president of products and services,
    formerly vice president at AOL, where he built and launched
    AOL My Calendar, Netscape WebCalendar and CompuServe Calendar
    after co-founding the highly-regarded

  • Rex Ishibashi, vice president of corporate development,
    formerly vice president of corporate development at Electronic
    Arts, the largest publisher of interactive entertainment on
    PCs, consoles and online.

  • Rob Selvi, chief financial officer, formerly CFO of three
    software companies, managing two of them from private concerns
    through successful IPOs.

    Additional biographical information on Kontiki's executives and board members can be found at

    Kontiki has assembled an Internet-savvy team of networking software experts to revolutionize the delivery of digital media. More than 35 of Kontiki's 50 employees are accomplished engineers and product designers, with deep technical expertise in creating sophisticated networking products and successful web applications intended for use by millions of consumers. Combining insights from academic research and a wealth of industry expertise from work at AOL, Netscape, Apple, Microsoft, Electronic Arts and Autodesk, the Kontiki team has already developed patent-pending technology in three areas: bandwidth harvesting, network management and user interface design.

    The result of Kontiki's technology is the creation of the Kontiki Delivery Network, which Kontiki also announced today (see release titled "Kontiki Launches the Kontiki Delivery Network, Bringing TV Quality Video to Users PC's, and Offering New Business Opportunities for Enterprises and Media Companies" at

    "There's going to be a revolution in the way people use digital media -- and Kontiki can help unleash it," said Homer. "With our team in place, our investor base established and the Kontiki Delivery Network set for use by our first enterprise and media customers this week, we're ready to help fuel the widespread use of digital media on the Internet."

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    Related Keywords:streaming media, video playback, audio playback

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