Butterfly.net gets cash infusion

The heady days of '90s venture capital money flying about like mosquitoes on a summer evening may be gone, but that hasn't prevented technology infrastructure provider Butterfly.net from securing $10,000,000 in financing. The money, which came from a funding group led by JVP and Worldview Technology Partners, included participation from Cisco Systems, Copan, and previous investors Adena Ventures and Walker Ventures. Butterfly.net provides the networking and server hosting infrastructure that provides the behind-the-scenes tech for such MMO games as Star Net Frontier and Imperium Online.

This cash influx will allow Butterfly.net to expand its online video game grid to provide increased support for more games in the future. In addition, Butterfly.net is looking to sell its grid as a mode of delivery for games and a new source of revenue for developers.

"This funding signals a new era for gamers that offers the world's most creative talent a high-performance online platform to develop new forms of interactive entertainment," stated Butterfly.net CEO David Levine. "With the global reach, operational expertise, and industry network of our backers, we have the resources to execute on our vision of immersive online games as a core Internet service."

Butterfly.net seeks to sell its value to game developers by providing network transport and serving efficiencies that reduce a developer's need to build a client-server system from scratch and thus speed up a game's time to market while also reducing the hardware and networking costs associated with proprietary solutions.