PureVideo Raises $2.85 Million
El Segundo, Calif.-based PureVideo Networks, Inc. (PureVideo.com) has just raised another round of funding from Softbank Capital.Â The first round was $5.6 million in December 2005.Â And the second round of funding was $2.85 million.
PureVideo makes revenue from syndicating content for Microsoft, Yahoo!, Sony, AOL, Helio, etc.Â PureVideo’s streams 50 million videos to 13+ million plus visitors every month.Â On PureVideo.com, PureVideo Search resides.Â PureVideo.com also features a downloadable media toolbar and a customizable user page.
PureVideo Networks owns StupidVideos.com, GrindTV.com, HollywoodUpclose.com, and PoliticsUpClose.com.Â The company was founded by Greg Morrow and he is also the President.Â Before PureVideo, Morrow worked as a General Manager of Yahoo! Music International.Â Morrow started MUSICVIDEOS.com which was acquired by LAUNCH.Â And then Yahoo! acquired LAUNCH so he found himself starting at Yahoo! as the LAUNCH Media VP of Business Development.
SoftBank is also an investor in KickApps Corporation, Voxant Inc., and Associated Content Inc.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry