Tremor NetworkOnline Video Advertising Firm Tremor Network Raises $8.4 MillionAuthored 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.
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