Akimbo Reinvents Itself Again, Takes More Money
Duncan Riley
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Online video provider Akimbo has reinvented itself again as a white label video service provider and has taken a new round of funding.
Akimbo’s new white label video solution includes an advertising system and “supports multiple business models including ad-supported, transactional, subscription, download-to-own, download-to-burn, pay-per-minute, gift cards and account credits.”
The new round of funding came from Draper Fisher Jurvetson, Kleiner Perkins Caufield and Byers, and Zone Ventures, although the amount was not disclosed. Existing investors include AT&T and Cisco and funding before the new round was $31.7 million.
San Mateo based Akimbo has had a colorful history. Initially starting as a VOD integrated hardware and content provider, it later abandoned the hardware model for an internet only solution that offered a software interface for Microsoft Windows Media Center Edition. That service was discontinued in August 2007.
The first client for the new Akimbo is MavTV.
