Media-Sharing Platform DoubleTwist Lands $5 Million

Authored by Mark Hefflinger on April 7, 2009 - 9:08am.

San Francisco - DoubleTwist, the developer of a platform for media-sharing across all devices, announced on Tuesday that it has raised $5 million in its second round of funding.

Investors participating included former Disney president Michael Ovitz; former Warner Music head of digital strategy Alex Zubillaga; Horizons Ventures, the investment arm of Hong Kong billionaire Li Ka-Shing; Index Ventures; and Northzone Ventures.

The company, which was co-founded by noted hacker Jon "DVD Jon" Lech Johansen, also today launched the PC version of its platform, following a Mac release on Feb. 24.

"When I first met with the doubleTwist team over a year ago, I saw something consumers had been missing for far too long -- a technology that would allow people to play media files across all of their devices and to do it quickly and easily," said Michael Ovitz.

"This new release does it all with a simple and intuitive software that recognizes any device you plug into it and helps you manage your music, picture and video libraries."

Related Links:
http://www.doubletwist.com