VectorMAX, a developer of Internet video delivery technologies has pulled in $1,000,000 in funding by way of common stock.
The company is comprised of four main products: TVAnywhere, MediaAnywhere, MobileAnywhere and VideoAnywhere. As you might imagine the idea is to bring those four fields to mobile devices in an on-demand fashion.
Internet Protocol Television (IPTV) is a big part of what VectorMAX does. Other players in this arena include Vuze, which raised $20 million at the end of last year.
The company has gotten $100,000 of the $1 million round so far and it was contributed to by all individual investors. VectorMAX is based in Jersey City, NJ.