PermissionTV Raises $9 Million
PermissionTV, a white-label provider of branded web video channels, has raised $9 million in a Series C round. It seems to be a funding week for online video, with Kyte announcing new money Monday and EveryZing taking $10 million Tuesday.
Waltham, Massachusetts-based PermissionTV offers streaming Flash video while trying to upsell users of its customers’ sites to a downloaded app for higher-quality video. It plans to support Microsoft’s Silverlight later this year. PermissionTV’s specialty is dynamically adjusting advertising and content in response to a users’ selections and activities.
The company took money from Castile Ventures, Point Judith Capital, Common Angels, CramerOnline, Inflection Point Investors, the Massachusetts Technology Development Corp., SAS Investors, and the Venture Capital Fund of New England. It had previously raised another $9 million from mostly the same groups.
Though PermissionTV is perhaps old in online video funding years, with Series C rounds virtually unheard of, founder and president David Graves, a former SVP of media at Yahoo, says the company is young in online video product years, having only launched a year ago.
However, PermissionTV has a 30-plus customers, including Adobe, Fox’s myNetworkTV, Toyota Scion, Mitt Romney, and FHM Magazine. Graves brags that the 30-person company builds each site from scratch without design templates. It competes with The FeedRoom and Maven Networks, among others.
Follow us on Twitter or subscribe to the feed
Sponsor Gallery
Recent
GigaOM Network
- Ultracapacitor Maker Graphene Energy Eyes New Funding, Tech Milestone [Earth2Tech]
- News Corp: No Plans To Build a Kindle Competitor [GigaOM]
- Canadian Content Producers Take a Stand for Net Neutrality [NewTeeVee]
- HP Mini 110 Netbook Gains $30 HD Display Option [jkOnTheRun]
- App Review: Rolando 2 — Roll On the Second Coming [TheAppleBlog]
- Tools and Techniques for Better Lead Generation [WebWorkerDaily]
- Control Computer Apps From Across the Room With AcceleGlove [OStatic]
© 2009 The GigaOM Network. Marketing consulting by ACS.


[...] and Decentral.TV both raise more cash, while Podtech struggles — Details here, for the fundings of video sites DecentralTV and PermissionTV. Podtech, another video site, [...]
VentureBeat » Roundup: Jobster CEO out, Al Gore dominates Bali, Lennon invests, Scoble out, more on December 13th, 2007 at 10:53 pm - Permalink