Arlington, Va. – BrightContext, the Arlington-based startup behind a platform that ultimately could allow millions of Internet-connected viewers to interact with one another and with TV programmers during a show, said on Monday it has raised $1.74 million in a new round of funding, led by Southern Capitol Ventures.
Other participants included the founders of comScore, Bobby Yazdani and several angel investors. David Jones, a partner at Southern Capitol, joined the company’s board.
BrightContext launched at the TechCrunch Disrupt conference in San Francisco last week. The company’s cloud-based platform is designed to process large volumes of real-time data on the fly, then broadcast results among large numbers of users.
“There’s no doubt that real-time is going be one of the next major waves of innovation around the mobile and the Internet, but scalable real-time data stream processing is hard to build,” said CEO John Funge. “Our goal is to make real-time data processing broadly accessible.”
Co-founders Funge and Leo Scott previously co-founded Clara Vista (acquired by CMGI in 1999) and Pickle.com (acquired by Scripps Networks in 2007).
This article was also published in Potomac Tech Wire.
BrightContext – http://www.brightcontext.com
Southern Capitol Ventures – http://www.southcap.com
BrightContext – launch press release