Boston-Based Digital Media On Demand, Inc. Attracts Investors, Closes Second Round Financing.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Jan. 22, 2001 -- Greylock Partners, Intel 64 Fund, Pilot House Ventures and Sage Hill Partners Invest $12.5M in Technology Company -- Digital Media On Demand, Inc. (DMOD DMOD Dynamic Module (Microsoft) DMOD Dink Smallwood Module DMOD Data Modeling DMOD Dynamic Address Module ), leaders in digital content encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. , distribution and flexible rights-management technologies, today announced completion of its second round of private financing for $12.5 million, bringing the total private investment in DMOD to $14.5 million. Pilot House Ventures - which also backs companies such as StorageNetworks, Inc., GiantLoop Network, Inc. and Mapletree Networks, Inc. - led the round. Along with Pilot House, other backers in the round include the Intel 64 Fund, initial DMOD financier Greylock Partners and Sage Hill Partners. DMOD, the first company to publicly distribute secure MP3 files, develops software that allows digital content creators See content provider. and providers - record companies, film studios, videogame developers, software companies, etc. - to safely distribute their digital material while ensuring they will be compensated. This new round of funding will help allow for continued education of the digital content community on - and thereby drive greater acceptance of - DMOD's unique digital security, e-commerce and content identification technologies. "We are very pleased to have several new investors who see the value in DMOD's vision," said DMOD Chairman Ty Rauber. "Today's announcement reinforces DMOD as a leader in digital security and digital rights management, with the goal of developing a standard platform for digital content distribution." Intel sees potential in combining DMOD's architecture with Intel's new Itanium(TM) processor. "Intel architecture is well established in the life-cycle of digital media, from content creation to its final consumption," said Dennis Goo, Director of Intel's Digital Media Division. "Itanium-based systems will deliver the performance content owners require today and the headroom head·room n. 1. Space above one's head, as in a motor vehicle, above a doorway, or in a tunnel; clearance. 2. Electronics Dynamic headroom. to support the next step in digital delivery and customizable business models for streaming high-quality music, video or text. Digital Media On Demand's focus to provide secure media distribution is a great match for the Itanium processor." "With the $12.5 million in new capital, the company will continue to research, develop and deploy technology that further standardizes secure digital distribution on the Internet," said DMOD President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Curtis Roberts Curtis Dale Roberts (b. 13 February, 1975) in Antigua. He is a West Indies cricketer who plays for the Leeward Islands in the KFC Cup. . "We will also add executive and development staff and pursue opportunities in other markets and industries." Greylock, who has backed companies such as Red Hat Software, Avid Technology "Avid" redirects here. For the "Advancement Via Individual Determination" educational program, see AVID. Avid Technology, Inc NASDAQ: AVID is an American company specializing in video and audio production technology; specifically, digital non-linear media editing (NLE) , Inc., DoubleClick and Internet Security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. Systems, committed another $3 million to DMOD in this round. "What DMOD is developing is important because it is, in essence, a truce between the entertainment and technology industries," explained Greylock General Partner Bill Kaiser. "With this technology DMOD is creating a 'win-win' situation, where content creators will be able to safely distribute their digital work on a broad scale, and consumers will have access to widely-available content at the highest-quality. That's an absolute essential in the development of a standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. digital distribution architecture." About DMOD Digital Media On Demand, Inc. (DMOD) is a leader in digital content encryption, distribution and flexible rights-management technologies. DMOD's unique security technology boasts the highest level of encryption available, allowing digital content providers to effectively and safely distribute content via the Internet. With its "on-the-fly," multi-key encryption technology, DMOD was the first company to publicly distribute secure MP3 files. By encrypting up to one key per second as the file is being distributed, DMOD makes unauthorized file access virtually impossible. Based in Allston, Mass., the company was founded in 1996. DMOD, a member of the Secure Digital Music Initiative Secure Digital Music Initiative (SDMI) was a forum formed in late 1998, comprised of more than 200 IT, consumer electronics, security technology, ISP and recording industry companies, ostensibly with the purpose of developing technology specifications that protected the (SDMI (Secure Digital Music Initiative) A set of rules for securely distributing digital music over the Internet. Announced in February 1999, it is backed by the Recording Industry Association of America (RIAA) and Sony, Warner, BMG, EMI and Universal, the top five ), is privately-held and funded by Greylock, The Intel 64 Fund, Pilot House Ventures and Sage Hill Partners. For more information on DMOD, visit www.dmod.com. About Greylock Partners Greylock is a private venture capital firm, founded in Boston in 1965, with committed capital of over $1 billion under management. Over the past 35 years the firm has provided equity capital and support to more than 250 developing companies, many of which have gone on to become leaders in their respective industries. Of these companies, over 120 have become publicly held, with a current market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. in excess of $80 billion, while another 80 have merged successfully with other companies. About Intel/The Intel 64 Fund Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom. The Intel 64 Fund is a quarter billion dollar equity investment fund that invests in technology companies developing innovative enterprise solutions for Itanium(TM)-based server and workstations. The Fund invests in companies developing tools and technologies for Internet, enterprise and workstation solutions. Example application areas include e-commerce, Internet infrastructure, advanced enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. , design automation, and financial applications and services. Fund investments require a commitment to develop products optimized for the Itanium(TM) Processor Family and running on shrink-wrap operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . Additional information regarding the Intel 64 Fund can be found at www.intel64fund.com. About Pilot House Ventures Group Pilot House Ventures Group is an early stage venture capital firm focusing on broadband-enabling hardware, software and service companies in the datacom and telecom spaces. Based in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New , Pilot House Ventures' investment professionals include former executives of Continental Cablevision, Inc. with significant operating, technology and finance experience. Pilot House Ventures focuses on providing portfolio companies with strategic guidance and industry-specific knowledge and contacts. About Sage Hill Partners Based in Cambridge, Massachusetts This article is about the city of Cambridge in Massachusetts. For the English university town, see Cambridge, England. For other places, see Cambridge (disambiguation). Cambridge, Massachusetts is a city in the Greater Boston area of Massachusetts, United States. , Sage Hill Partners is a venture capital firm that devotes time, expertise and financing to early-stage technology companies. Sage Hill Partners is led by seasoned entrepreneurs and high technology managers experienced both in founding and growing their own ventures and in providing leadership to established technology companies. The firm helps its portfolio companies become leaders in the new economy, assisting entrepreneurs at the earliest stages of growth as they navigate the path from inspired idea to winning product. Currently, Sage Hill has investments in new media convergence Media convergence is a theory in communications where mass mediums merges together to create a new product offering a variety of the properties of each. Such an example is that of the internet. , wireless technology, online advertising and digital marketing, and their portfolio companies include Go2 Systems, Keen Personal Media, Traxit Technology and Wavemarket. |
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