Qwiki, a Palo Alto, CA-based developer of a technology that transforms data into rich-media narratives, closed an $8m Series A funding round.
Investors include individual backers including Eduardo Saverin (co-founder, Facebook), Jawed Karim (co-founder, YouTube) and Pradeep Sindhu (co-founder, Juniper Networks) and institutional partners Lerer Media Ventures, Tugboat Ventures and Contour Venture Partners.
To date, the company has raised $9.5m including its angel round.
In conjunction with the funding, Saverin and Pejman Nozad will be joining the company’s board of directors as observers. The individual investor syndicate was arranged by New York City-based Felix Investments.
As stated by CEO Doug Imbruce, who co founded the company along with CTO Louis Monier, the funds will be used to fund technology development and launch publicly on multiple platforms.
The company, which debuted in September 2010 at the TechCrunch Disrupt Conference (watch video below), recently released Qwiki’s private alpha.