The round was led by ff Venture Capital with participation from North Base Media Pereg Ventures Indicator Ventures Wavemaker Partners and existing investors This is the first institutional venture round for cielo24 a video data technology startup that brings insight accessibility and discoverability to online media
The investment follows two years of accelerating growth more than doubling revenues in the first nine months of 2015 Generating daily media data for tens of thousands of minutes for over one hundred recurring customers including industry leaders in content production syndication and distribution cielo24’s proprietary platform was designed to scale to accommodate rapid growth fueled by the widespread adoption of online video
The market is moving towards the personalization of viewer experiences based on content interest We are leading industry efforts to convert video into data and analytics powering content discovery engagement and monetization said Brian Plackis-Cheng Founder and CEO at cielo24 The recent investments will help us accelerate media data and insight adoption allowing content publishers and syndicators to maximize video ROI ‘
Accessible searchable content is paramount for any organization using video today said Shay David Co-founder and CRO at Kaltura The more extractable metadata and information there is within your video the more impactful and discoverable your content will be across any business application cielo24 is a key partner that integrates with our Kaltura REACH suite to help provide every client the ability to transform their video content into intelligent media data ‘
cielo24 is known for its transformative on-demand media data service providing high quality captions transcripts indexes and media intelligence via API The new funding will enable cielo24 to accelerate market evolution towards media data driven video experiences by investing in new services and powerful analytical and media insight technology
Online video has exploded but there isn’t an effective way for users to navigate all of this content efficiently cielo24 is the first scalable and accurate solution that is making video more accessible and ultimately more valuable for content creators and consumers said John Frankel Founder and Partner at ff Venture Capital
The cielo24 team is excited to be partnering with such experienced media focused investors says Brian Plackis-Cheng Coupled with our rapid growth we see this financing as a strong endorsement of our media data technology and strategy ‘
For more information about cielo24 media data solutions visit cielo24 com or contact Nicole Flynn at 855 243 5624 Ext 108
About cielo24
cielo24 delivers searchable captions and media data for clients in the online education enterprise news and entertainment markets Our clients turn to us to meet the growing demands on their multimedia including compliance laws discoverability reach and user engagement We create high quality cost-effective searchable data from unstructured media data including indexes transcripts captions and media intelligence
About ff Venture Capital
ff Venture Capital is a seed and early-stage focused firm based in New York that seeks to invest in a wide range of emerging technology-enabled industries We arm our entrepreneurs with a comprehensive suite of in-house resources and we look to champion technology founders who are changing the way we interact with the world
About North Base Media
North Base Media invests in media and media-related technologies in growth markets around the world with a focus on innovations that will transform how audiences engage with content Its partners have led some of the world’s leading news companies founded and exited successful media startups and pioneered media investing in emerging markets
About Pereg Ventures
Pereg Ventures is a venture capital firm headquartered in New York City focusing on Series A and Series B financings The firm offers unique expertise to entrepreneurs who are leading innovative B2B information services companies particularly those that help consumer-driven companies measure their market performance and/or optimize their marketing investments Nielsen is a strategic investor in Pereg Ventures Learn more at peregventures com
About Indicator Ventures
Indicator Ventures is an early-stage venture capital firm that partners with visionary founders building businesses around digital efficiencies Leveraging an extensive network of entrepreneurs executives and corporate partners we dedicate the resources necessary to transform seed-stage companies into sustainable growth-stage businesses Indicator Ventures is headquartered in New York City with offices in Boston and San Francisco
About Wavemaker Partners
Wavemaker Partners is an early-stage cross-border venture capital firm with dual headquarters in Los Angeles and Singapore It aims to back the best founders in Southern California and Southeast Asia Since , it has invested in more than 180 Internet Mobile and Enterprise technology startups Wavemaker Partners is a member of the Draper Venture Network the world’s leading venture capital collective with 10 firms spread across 4 continents
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