New York - Magnify.net, a provider of Web video distribution
services, has raised $500,000 in new funding, from previous investors including
Next Stage Capital, New York Angels, Rose Tech Ventures, Active Angel Investors
and Chris Anderson, PaidContent reported.
The round will close at the end of
September, according to a regulatory filing.
New York-based Magnify.net helps
website owners add video and video search functionality to their sites;
customers include New York Magazine and The Weather Channel.
Chief executive
Steve Rosenbaum told PaidContent the company is close to profitability.
Related Links:
http://snipurl.com/oryph
(PaidContent)
http://www.magnify.net
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