PacketVideo nabs coin in fifth round of funding

Cyberbiz Brief

Wireless streaming-video company PacketVideo became $100 million richer Monday after getting a round of funding from companies including phone makers Kyocera, Motorola and Siemens. Other companies that took part in PacketVideo’s fifth round of funding were Qualcomm, Softbank Technology Group, Sun Microsystems and Texas Instruments. PacketVideo provides streaming video technology for handheld and other wireless devices. New round signals that its high-end technology has a better chance at hitting the market and being bundled inside next-generation cell phones.

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