Verismo Networks

Verismo Networks

Solutions for the deployment of broadband entertainment services by isps, telcos, otts and iptv service providers.

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DateInvestorsAmountRound

$17.0m

Late VC
Total Funding000k
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Verismo Networks was a broadband television solutions provider founded in 2003 by Vijay Maheshwari and Satish Mugulavalli, with Prakash Bhalerao later joining as President and CEO. The company was established to bridge the gap between internet content and television, operating in the emerging over-the-top (OTT) and IPTV markets. Bhalerao, a serial entrepreneur and venture capitalist with a background at Digital Equipment Corporation and C-Cube Systems, brought extensive experience in technology and business development to the firm.

The company's core business involved providing end-to-end solutions for internet service providers (ISPs), telecommunication companies, and MSOs (Multi System Operators) to deliver internet-based television services. This business model was designed to help these service providers expand their offerings and enter new markets with minimal infrastructure investment. Revenue was generated by selling their platform and hardware to these service providers. A significant milestone for the company was securing $17 million in a Series A funding round led by Intel Capital in November 2010, which was intended to accelerate growth and expand operations globally.

Verismo's flagship product was the VuNow platform, which included a set-top box and a media gateway. The VuNow PoD, a palm-sized device, connected to a television and allowed users to stream a wide array of internet content, including videos from sites like YouTube, live channels, and personal media from home networks, directly to their TV without a computer. It supported various video formats and offered both standard and high-definition versions. The platform also offered a 'Triple Play' media gateway that integrated broadcast channels, video-on-demand, VoIP, and a broadband router into a single device for service providers. Despite its early efforts and securing significant funding, Verismo Networks eventually ceased operations. Keywords: Verismo Networks, VuNow, IPTV solutions, over-the-top, OTT, set-top box, broadband TV, internet TV platform, Prakash Bhalerao, Vijay Maheshwari, Satish Mugulavalli, Intel Capital, media gateway, video on demand, streaming media, digital entertainment, telecom solutions, MSO

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