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December 03, 2010

Deal Alert: Ojas Ventures invests in RiverSilica Tech

Bangalore-based early stage VC fund Ojas Ventures has invested in RiverSilica Technologies, a company that provides a hardware-based solution for speeding up video streaming services.

RiverSilica's solution accelerates video streaming in a device agnostic way for enhancing end user experience and lowering the cost of video delivery to content delivery networks (CDNs) and content owners.

The company, which also has an office in Japan, is led by Jagannathan Balaji, who previously founded Purple Vision Technologies, a Bangalore-based company engaged in chip design services with a special focus on image processing. Puruple Vision, which had raised funding from CVC International, was acquired by TES Electronic solutions in 2005.