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NetStreams Gains $18.2M

Austin-based NetStreams said Monday afternoon that it has raised $18.2M in a Series B round of funding. The round came from Austin Ventures. NetStreams develops networked entertainment systems that use the IP protocol. According to the firm, the funding will go towards rapid growth and market expansion. Austin Ventures was the firm's Series A investor; the venture firm had invested $7.8M in NetStreams in September of 2006. NetStreams products are used for distributing A/V content in multiple rooms in residential and commercial facilities. More information »