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Accel Pours $8M into Israeli RayV

Roi Carthy

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Roi Carthy is the Managing Partner at Initial Capital. Previously, Roi has worked at companies such as Soluto, Zend Technologies and 888.com. Roi has been covering the Israeli startup scene for TechCrunch since 2007. Born in Israel, Roi has spent many years abroad living in both the US (Boston, Olivet, DC) and in Europe (Budapest, Zurich). Today, Roi works... → Learn More

Wednesday, October 10th, 2007
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rayv_logo.pngGlobes is reporting that RayV has raised $8M in Series B from Accel Partners.

While the company has been in stealth mode, and its site offers little information, sources have confirmed that RayV is developing a P2P live broadcasting offering. Evidentially, users will be able to create and broadcast video playlists at “high video quality”. Similar to Joost, RayV will require the installation of a client application.

To date, the company has been funded mainly by Ron Zuckerman who is among the founders of Magma Venture Partners (formerly Magnum Ventures). Zuckerman also co-founded Precise (acquired by Veritas) and Sapiens.

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