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Exit

Acquired byComcast
Price$5M
Date10/08
TermsCash

General Information

CategoryNetwork/Hosting
Employees
DescriptionDigital Video Hosting

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Funding

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Radiance

Radiance, based in Sunnyvale, CA and founded in 2000, had investors such as Sutter Hill Ventures, Vanguard Ventures, Levensohn Venture Partners, ChevronTexaco Venture Equities and Net Partners, though this sale seems to be more of a fire sale. The company had raised at least $26 million and possibly more over the years.

Radiance’s technology helps moves digital video files for the advertising and enterprise sectors. Its product development market has merged with the CMC’s engineering and integrated technology unit.

Milestones

  • Dollar
    Radiance received $26M in Unattributed funding. (10/7/08)
    Posted 12/17/08 at 1:09am
  • Handshake
    Radiance was acquired by Comcast for $5M. (10/7/08)
    Posted 12/17/08 at 12:55am

Videos

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Sources

  1. paidcontent.org (paidcontent.org) [edit]
  2. paidcontent.org (paidcontent.org) [edit]
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Last Edited 3/18/09

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