Sezmi Corporation, a provider of traditional TV content, movies and internet video in a single product and service, has received $25m in new funding from new and existing investors.
Investors in this financing include previous investors Morgenthaler Ventures, Omni Capital, TD Fund, Index Ventures, and Legend Ventures, and a new strategic investor.
The company also announced that it has made its all-in-one personalized television service available to the public in Los Angeles.
Commenting on the round, Buno Pati, chief executive officer of Sezmi, said: “This new funding places Sezmi in a strong financial position as we offer our service to the public and prepare for the next stage of expansion”.
“We are very pleased to have the enthusiastic support of our investors and partners as we continue to execute on our plan”.
The company is headquartered in the Belmont, California, in the Silicon Valley, with offices in Los Angeles and Ft. Lauderdale.
FinSMEs
16/11/2009