Bluestreak gets further investment; does Mobile TV

Well it’s a relatively small one, but it’s brighter news in the face of bleak economic news – so it’s worth a mention…

Bluestreak Technology has managed to raise $4m in finance from it’s major shareholders. In case you are wondering what Bluestreak do exactly, they have a Flash-based engine that runs what is called “rich media apps” – Mobile TV being one example.

Their product, the MachBlue player, is deployed already on a stack of Mobile devices, and their portal has been taken on by Orange, who are certainly no slouches in the Mobile TV department.

Of course, the eternal question of whether Mobile TV is/can/will be successful does exist, but Bluestreak’s investors have obviously seen something they like – which makes me think we should keep an eye out for them in the news going forward. At any rate, getting investment in this climate is good work – congrats!

[Via: Digital Media Wire]