What Company Is Offering:
Digitalsmiths is an innovative video indexing and digital content publishing technology provider serving major Hollywood studios, web video destinations, media companies and advertisers. The company’s proprietary computer-vision based video indexing, search and interpretation algorithms empower content owners and publishers to efficiently monetize their digital video content, and advertisers to automatically target ads to thematically relevant video content. Digitalsmiths’ robust digital content publishing system and integrated video player enable simplified multi-platform content syndication, intelligent content recommendations, and detailed reporting and analytics.
How Much They Got From VCs:
Digitalsmiths, the award-winning broadband video indexing, analytics and publishing technology provider, has closed a $12 million Series B round of equity financing from a combination of new and returning investors. Boston-based venture capital firm .406 Ventures joined returning investors The Aurora Funds and Chrysalis Ventures in the investment that was announced today by Ben Weinberger, CEO, Digitalsmiths.
“After looking at numerous potential digital video investments, the magnitude of the opportunity at Digitalsmiths became crystal clear and we are delighted to have led this financing round,” said Maria Cirino, Managing Director, .406 Ventures. “The quality of Digitalsmiths’ indexing and analytics is unparalleled and as such offers exciting possibilities to content providers and advertisers looking for newer and more promising ways to monetize vast amounts of internet video.
More at:www.digitalsmiths.com
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