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Mobile Video Developer SmartVideo Raises $9 Million

Authored by Mark Hefflinger on July 18, 2006 - 12:55pm.
Atlanta - SmartVideo Technologies, a developer of mobile video delivery technology, announced on Tuesday that it has raised $9 million through a private placement of its shares. Atlanta-based SmartVideo's technology supports Windows Mobile-based smartphones, PDAs and Pocket PCs, and Symbian OS devices with Real Player. The company says it is also testing software that will expand compatibility on a larger selection of phones. SmartVideo counts ABC News, Fox Sports, MSNBC, E! Entertainment and The Weather Channel among its partners, and claims to be the first mobile video company to offer interstitial advertising on mobile devices. SmartVideo will use the funds for working capital, and to expand its marketing and service activities.

http://tinyurl.com/hvz9q
http://www.smartvideo.com

tags: Deals | Mobile | VC | Video | Video Deals | Tech | SmartVideo | Video Tech | Mobile Video |



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