Comcast Invests in P2P Start-Up

Comcast is befriending another peer-to-peer software company in the hopes of finding a way to harness the power of P2P without choking its network. On Monday, Comcast, the largest cable operator in the U.S., said it was entering a strategic relationship with the start-up GridNetworks, a company that makes software to manage peer-to-peer video traffic.Comcast also said it has invested in the company's $9.5 million first round of funding, which was led by Panorama Capital. Cisco Systems also invested in this round of funding. Specific financial details of the funding have not been disclosed. Comcast is befriending another peer-to-peer software company in the hopes of finding a way to harness the power of P2P without choking its network. On Monday, Comcast, the largest cable operator in the U.S., said it was entering a strategic relationship with the start-up GridNetworks, a company that makes software to manage peer-to-peer video traffic.Comcast also said it has invested in the company's $9.5 million first round of funding, which was led by Panorama Capital. Cisco Systems also invested in this round of funding. Specific financial details of the funding have not been disclosed.
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