Who will create the world’s first Virtual TV Network?


NBC, BBC, ABC… and maybe soon RayV TV as well. Israeli RayV raised a second round of $8M to develop live 24 hour broadcasts of quality programming for the PC and TV in what they call a “Virtual TV Network”. Facebook‘s investor Accel Partners, one of Israel’s most active VC funds, financed the round. Accel has more than $4B under management worldwide, $1B of which in two European funds that also invest in Israel.

So what’s a virtual TV Network (VTN)?

According to the stealth-mode start-up, RayV developed proprietary internet protocols forming a generic grid network, basically enabling anyone to broadcast live TV to an unlimited amount of concurrent viewers at zero cost.

In other words, the first Virtual TV Network is a secure, scalable and manageable distribution vehicle of live real-time media without the need for centralized network resources. Similar to free web TV service Joost, RayV is also requires a download. You can experience a beta implementation here.

What are the benefits for the consumer?
According to RayV’s website:

“Sure, we love the big networks – after all, they show us all the live Paris Hilton we can handle – and lots of other stuff too. We just want it at high quality on our TVs and on our PCs, anywhere in the world… and more…We also want to watch live news channels from smaller, independent sources with correspondents around the world. We want channels of live performances from the newest bands at the University of Calcutta. And live coverage of rugby matches from England. And short-film channels from NYU Film School students. And coverage of local politics. And cooking channels for Vegans. And cooking channels for Carnivors.”

RayV is not the only one attempting to join MetaCafe and BlogTV on the list of successful Israeli Video startups. Several Israeli companies are working on IPTV solutions:

RayV was founded in January 2006 by Omer Luzzatti (CEO), Ron Zuckerman, and Oleg Levy. It has 15 employees and offices in both Tel Aviv and New York.

Source: Globes

 

Eze Vidra
Follow me

Eze Vidra

Chief Innovation Officer at Antidote
Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Ezewas a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
Eze Vidra
Follow me

Latest posts by Eze Vidra (see all)

Eze Vidra

Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Eze was a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.

Comments are closed.