Netia Raises $3.9 Million, Eyes IP Market

French supplier Netia said it has raised money from financial investors that it will use “to accelerate (its) growth in the face of the fundamental transition of media markets towards information technologies.”
The round of funding raises 3.2 million euros, or about $3.9 million. The company CEO, Christophe Carniel, said the company’s intention is to become “a major player in the management and broadcasting of audio and video content over IP.”