Omneon Video Networks Secures More Than $23 Million in Funding

In its second round of funding since its start up a year ago, Omneon Video Networks (Campbell, CA), a video networking and storage company for television broadcast and Internet applications, has announced it has secured $23.7 million from Norwest Venture Partners and new investors Lucent Venture Partners and The Ignite Group. First round investors, Accel Partners and Mayfield Fund, were also significant participants in the second round. The company has now raised more than $32 million of venture capital and corporate funding.

Onmeon, started in 1998 by several veterans from Sony and Tektronix, targets producers and distributors who produce content and manage multiple distribution channels-including the Internet. Omneon's initial product, the Video Area Network allows customers to route, store and share digital audio, video and any type of related data throughout and among facilities. Omneon products include packet switches, network interfaces, storage systems, and software that form the Video Area Network.