SEATTLE—Anti-piracy software developer Widevine Technologies snared $16 million in a Series C round of funding.
Cisco Systems Inc. and Canadian telecommunications provider Telus Corp. participated in the round, which also included existing investors VantagePoint, Bear Stearns Constellation Ventures, Pacesetter Capital and Phoenix Partners. Widevine, which boasts more than 90 telecom, cable, satellite and Internet service operator customers, produces encryption hardware and software for premium broadcast content.
“We are pleased to be supported by one of the world’s leading telecommunications operators and the global leading supplier of network and video technology,” Widevine Chief Executive Officer Brian Baker said of the latest financing. “The investment will enable Widevine to further strengthen our market leadership, product and intellectual property portfolios and customer satisfaction as well as aggressively deliver on our vision of content protection delivered to every device in our operators’ network domains.”
