SundaySky, a New York-based provider of dynamically generated videos for e-businesses, closed a $9m Series B financing round.The investment was led by Norwest Venture Partners, with follow-on participation from Carmel Ventures and Globespan Capital Partners.
The funding will be used to drive sales and scale operations.
In conjunction with the investment, Dror Nahumi, partner at Norwest Venture Partners, will join SundaySky’s board of directors.
Founded in 2006, the company provides a software-as-a-service (SaaS)-based solution that distributes videos across entire websites, marketing channels and mobile and social platforms. It enables e-commerce businesses to reinforce their brands and drive website traffic by creating videos to showcase products and services.
SundaySky also operates a product and technology center in Tel Aviv.
FinSMEs
12/10/2010