$11M in Funding for Kasenna

Kasenna Inc. said Monday that it has closed on an $11 million round of funding.

The video-on-demand and Internet-protocol-TV vendor said Intel Capital led the financing round, with participation by all existing major investors.

Kasenna added that the funds will be used to further accelerate growth in the domestic and international IPTV and cable markets, as well as to strengthen its balance sheet.