Online Video Advertising Firm Tremor Network Raises $8.4 Million

Authored by Mark Hefflinger on September 18, 2006 - 1:21pm.

New York - Tremor Network, a developer of rich media and online video advertising technology, announced on Monday that it has raised $8.4 million in its first round of venture capital financing. Masthead Venture Partners and Canaan Partners co-led the investment round. New York-based Tremor Network has developed patent-pending ad insertion technology that places video advertisements within banner ads and video streams, which are used on the sites of 300 publisher partners with a combined 70 million unique monthly visitors. The company will use the funds to accelerate growth of its video advertising network.
http://biz.yahoo.com/prnews/060918/nym034.html?.v=63
http://www.tremornetwork.com