iBEAM Broadcasting
Sunnyvale
About iBEAM Broadcasting
iBEAM Broadcasting pioneered high fidelity video streaming via satellite, ad-enabled content, to Internet viewers. Major media and entertainment including BBC, Bloomberg, MSNBC, FOX, NFL, Golf Channel, the Academy Awards and a significant portion of Internet radio was webcast via iBEAM. Network architecture bypassed Internet congestion, bringing broadcast quality streaming video to entertainment audiences; delivering value at a lower cost than other CDN cached distribution methods. iBEAM, the first company to invent and deploy a network dedicated to streaming media and the "edge network" concept. At its peak, iBEAM traded at $2bil, raised 30+ million privately and 300 million via its IPO, delivered 80% of all audio streaming on the Internet, and owned all top media accounts in the US. Among some of its amazing achievements iBEAM was: first to insert ads into streaming media, first with FCC rights and first solution to broadcasting earnings calls, first to deliver IP/TV streaming service via satellite, developed Real's G2 reflector technology, helped design the first layer 7 switch (Foundry Networks), first simulcast with TV show, helped invent and improve time slicing and TCP/IP utilization of satellites. iBEAM's business relationships and large media customer partners did not survive the bubble bursting in 2001. Prior to its dissolution, iBEAM was purchased by Williams Communications. Status: iBEAM Broadcasting has been closed; IPO / Stock: Went Public on May 21, 2000. Founder: Nils Lar: https://www.linkedin.com/in/nilslahr.
Company Facts
- Operating status: Closed
- Company type: For Profit
- IPO status: Delisted
- Employees: 501 – 1,000
- Total funding: $40.0M
- Funding stage: M&A
- Last round: Post-IPO Equity (Oct 2001)
- Ticker: nasdaq:IBEM
- Phone: +1 (408)523-1600
Industries & Categories
Broadcasting, Communications Infrastructure, Internet
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