Tag Archive | "broadcasting"

Deals & More: Digitalsmiths brings in $12.5M for video discovery

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Today’s funding announcements include companies that help users discover videos, find babysitters and manage networks:

Video search company Digitalsmiths grabs $12.5M: The developer of video search and discovery products has raised a third round of funding led by Technicolor with participation from existing investors including .406 VenturesAurora Funds,Chrysalis VenturesCapitol Broadcasting and Cisco. Based in Durham, North Carolina, the company helps content owners and consumers easily find relevant videos. During this year’s NCAA March Madness, Digitalsmiths partnered with Turner Sports to provide real-time search capabilities of game videos.

Sittercity gets $22.6M to bring families and caregivers together: The online service has raised a new round of funding led by Baird Venture Partners and New World Ventures to match families with babysitters, pet sitters and other caregivers, the Chicago Tribune reports. The Chicago-based company, which serves individuals along with serving employees of companies through its corporate program, plans to use the funding to expand domestically and abroad.

AppNeta gets $6.2M to manage network performance: The Wellesley, Mass.-based company has raised a new round of funding from Bain Capital Ventures, Egan-Managed Capital, JMI Equity and Business Development Bank of Canada. The company, which relaunched today as AppNeta from Apparent Networks, currently works with more than 1,000 managed service providers and enterprise customers to ensure consistent network performance in data center, cloud, remote office and mobile environments.

Sewichi raises seed round for mobile analytics: The Seattle-based startup has raised an undisclosed amount from Madrona Venture Group with participation from the company’s founder, who was an early employee at airfare prediction site Farecast. The early stage company has not yet released many details but claims it will be focused on mobile analytics and measurement.

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Article courtesy of VentureBeat » deals

Avid Shares Sold Avidly; Q1 Misses, J.P. Morgan Downgrades

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Avid Technology (AVID) shares are trading down sharply this morning on Street disappointment with the company’s Q1 results.
Avid, which makes editing equipment for the broadcasting industry, reported Q1 revenue of $155.9 million, which was actually slightly above the Street at $153.7 million; but the company lost 12 cents a share, [...]

Article courtesy of BARRONS.com: Tech Trader Daily