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Acquired byLimelight Networks
Date8/2010
TermsCash and Stock

General Information

Websitedelvenetworks.com
Blogblog.delvenetwork...
CategoryGames/Entertainment
Phone(800) 261 3295
Emailinquiries@delvene...
Employees
Founded2/2006

Offices

Seattle, USA
206 1st Ave South
Seattle, WA, 98104
USA

People

VP of Engineering
Head of Sales

Funding

TOTAL $11.6M
FUNDING TOTAL $11.6M
Seed, 12/2006
Intel Capital
$1.65M
Series A, 8/2007
DFJ Frontier
Intel Capital
$8M
Partial Close, 6/2009
$1.92M

Competitors

Tags

Delve Networks

Delve Networks, founded by Alex Castro, in Seattle is an online video platform, that acquired 280+ customers including the NFL, Cleveland Clinic, Prudential, Pokemon, Lego, Fidelity, Kansas City Chief and delivered 200 million streams per month.

Delve Networks was acquired by Limelight Networks in 2010 and Delve became a business unit within Limelight (and remained based in Seattle). Delve’s CEO, Alex Castro, continued to lead the business and Vice President and General Manager of the Limelight Video Platform business unit.

Many of Delve’s employees came from Amazon, Yahoo, and Google. Delve’s VP of Product Development, Edgardo Nazario, was an early employee of storage company, Isilon Systems, which was backed by Sequoia and acquired by EMC. Previously, Edgardo worked at early video pioneer, Real Networks. Delve’ founder, Alex Castro was at Amazon where he launched Mechanical Turk. Prior to that he was at Microsoft where he launched the initial version of Microsoft CRM and worked on Windows Client and Internet Explorer. Delve’s board included Mark Klebanoff, a former Seattle venture capitalist and the CFO who took Real Networks public.

Post acquisition, the Delve video platform business experienced strong growth in worldwide customers and revenue. Delve founder and CEO, Alex Castro, eventually joined Electronic Arts as a Vice President. Edgardo Nazario is current a Senior Vice President at Limelight Networks.

Recent Milestones

Videos

Above:

This video was originally published on Beet.TV

Added: 8/6/08

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Delvenetworks

Sources

  1. Limelight Acquires Cloud-Based Video Platform Delve Networks (paidcontent.org) [edit]
  2. venturebeat.com [edit]
  3. venturebeat.com [edit]
  4. SEC (sec.gov) [edit]
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Last Edited 4/2/14

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