Tuesday, November 17, 2009

Sezmi Gets Infusion of $25 Million to Fund Personalized TV

by Tim Ruiz on November 16, 2009
Sezmi announced today that the company has closed a new round of funding worth $25 million from new and existing investors. Those involved include Morgenthaler Ventures, Omni Capital, TD Fund, Index Ventures, and new strategic investor Legend Ventures. Sezmi combines traditional TV content, movies, and Internet in a single easy-to-use product and service.

Sezmi has a deep understanding of the changing needs of TV viewers and created a new end-to-end offering to meet those needs. The company uses a personalized on-demand viewing experience and works with partners from broadcast, broadband, content, and advertising industries to make a new TV choice for consumers. The service will be offered to consumers through broadband service providers and national retailers. Separately, the company also announced it has made its all-in-one personalized television service available in Los Angeles to the public.

Sezmi was founded with an ambitious goal: to redefine the television experience with the first-ever personal television system and is headquartered in the Belmont, California.

No comments:

Post a Comment