Blackwave Captures $3.5M Financing

Blackwave, an Acton, MA-based provider of servers that store video content and deliver it to users over the Internet, has raised $3.5 million of a planned $9.1 million round of equity financing, according to an SEC filing. The document did not identify the investors in the round, and Blackwave CEO Bob Rizika could not be immediately reached at his office this morning. The company, formerly called Acinion, previously raised at least two rounds of financing from Flybridge Capital Partners, Globespan Capital Partners, and Sigma Partners.

Author: Ryan McBride

Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News. Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.