Streaming21 Gets $11 Million in Funding

Streaming21 announced it has received $11 million in from a group of investors led by iGlobe Partners Fund LP.

The company said it will expand its products and its overseas offices.

Streaming21, which has a heavy Asian presence, said its investors included Taiwan-based Industrial Technology Investment Corporation, Singapore's National Science and Technology Board, First International Computer, Taiwan-based Technology Associates Corporation, and others.

"The financial commitment by our investors is a testament to the uniqueness of our technology, the exciting prospects for our company and the ability of an experienced team to execute our global strategy," said Dr. David Du, CEO of Streaming21.