|Partial Close, 6/2009 ||$800k|
|Venture Round, 12/2009 ||$1.44M|
Network Foundation Technologies (NFT) is developing a new kind of distributed networking technology for the real-time broadcast of audio and video media over the Internet at a cost point far below that offered by traditional online streaming media solutions.
Their goal is to provide the network foundation that will enable established content providers (such as television and cable networks) to simulcast their programming over the Internet at a cost point low enough to be supported by the broadcast advertising model.
NiFTy TV is a new kind of video broadcasting solution that incorporates a downloadable player that is both customizable and brandable. NiFTy TV Online Television players include a one-click “learn more” buy link that points to program specific web content.
The technology behind NiFTy TV is designed to level the playing field by making it easy for broadcasters, both large and small, to stream live and pre-recorded video content over the Internet to large audiences, at a lower cost.