Burst, a Boston, MA-based mobile video technology platform that enables broadcasters, media companies, rights holders and brands to leverage user-generated content (UGC), received an equity investment of undisclosed amount.Backers included Sinclair Digital Ventures, a wholly owned subsidiary of Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), a large television broadcasting company, and Horizon Media, a privately held media services agency.
The company intends to use the funds to continue to grow operations.
Led by Bryant McBride, Chief Executive Officer and Co-Founder, Burst provides a technology platform that enables media companies, publishers and brands to upload mobile videos without an app download. Video is then curated and published to linear television, social streams and digital platforms. Additionally, the company support media companies and broadcasters in building new linear and digital video inventory.
FinSMEs
07/03/2016