This story was written by Joseph Weisenthal.
DigiMeld, a startup offering its own technology for streaming live video online, has raised a $2 million first round from various unspecified angels. The NYC-based company pitches what it calls "grid streaming" an alternative to traditional CDNs as well as P2P-based solutions. It's main test to date: A trial with NASA Television to stream a shuttle launch. DigiMeld was founded by Alex Mashinsky, previously the founder of Arbinetin fact, DigiMeld's service relies on Arbinet's OptimizeIP platform. Though the company says it's an alternative to CDNs, it also sees CDNs as potential clients. In addition to technology, it's also positioning its site, DigiMeld.com, as a video portal. (Release via email)
By Joseph Weisenthal