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Kaleidescape Gets Funding for Quick Comeback

SV Staff  |  Sep 12, 2016

In what may be the quickest comeback in tech history, Kaleidescape CEO Cheena Srinivasan announced on Friday that the company has secured funding and restructured its operations, making it possible to restart the business and keep its 4K movie store up and running.

On August 20, the company that pioneered the movie server category and waged an unsuccessful decade-long battle over the right to sell disc-ripping movie servers, ran out of money and closed its doors.

Noting that staffing has been reduced from 81 to 32, Srinivasan told CE Pro that very few orders were cancelled since the closing was announced less than a month ago and said the company will focus squarely on the high-end market moving forward. "They never gave up on us," Srinivasan says of dealers, customers, vendors and employees.

Read CE Pro’s report here.

COMMENTS
JustinGN's picture
Submitted by JustinGN on September 12, 2016 - 8:08am

"...said the company will focus squarely on the high-end market moving forward."

This is what will inevitably sink you again, you know. Restricting your store and UI to only the highest of the high-end is a recipe for repeated disaster. Instead, you should be looking for additional ways of monetizing your UI, databases, metadata, and digital storefront (such as offering subscription licensing - with limitations - to smaller installations or consumers). If all you ever do is sit on the fence, eventually the fence will give way and you'll be out of business yet again.

Don't let one bad bet on chip vendors scare you away from other markets.

Warrior24_7's picture
Submitted by Warrior24_7 on September 12, 2016 - 2:32pm

I hope that they changed for the better or they'll be broke once again. Now about those ridiculously high priced machines to watch the same movies that everybody else is watching...

desobo6's picture
Submitted by desobo6 on August 6, 2024 - 8:01am

To secure funding for a quick comeback, businesses should first assess their current financial status and identify the specific amount needed to support their recovery plan. Approaching investors or financial institutions with a clear, strategic plan can greatly increase the chances of obtaining the necessary funds. Highlighting past successes and future potential in your pitch can also play a significant role.

In this competitive landscape, leveraging the keyword business funding can be crucial. It's essential to emphasize the strategic use of the funds to show a well-thought-out plan for growth and stability. By focusing on these aspects, you can make a compelling case to potential investors and secure the support needed for a swift recovery.

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