Delve Networks provides an online video publishing and search platform.
Business Model:
Revenue: $0
Employees: 501-1,000
Address:
City: Seattle
State: Washington
Zip:
Country: United States
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;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;s employees came from Amazon, Yahoo, and Google. Delve&s;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&s; 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;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.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 8/2007 | Series A | 3 | $8M |
Intel Capital Frontier Venture Capital Labrador Ventures Intel Capital Intel Capital Frontier Venture Capital Labrador Ventures Intel Capital |
12/2006 | Seed Round | 1 | $1.6M |
Intel Capital Intel Capital |
1/2009 | Venture Round | 1 | - |
Keiretsu Forum Keiretsu Forum |
6/2009 | Venture Round | $1.9M | 1/2009 | Venture Round | 1 | - |
Keiretsu Forum Keiretsu Forum |
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