New York - Tremor Media, an online video ad network, announced on Tuesday that it has received an investment from SAP Ventures.

Financial details were not disclosed.

New York-based Tremor Media operates a video ad network that reaches 137 million unique monthly visitors, and provides services aimed at monetizing streaming video.

Earlier this year, the company announced an $18 million third round of funding, and to date has now raised more than $40 million.

Tremor will use the new funds to increase its video product development efforts.

Related Links:

http://www.tremormedia.com