Luminate (previously known as Pixazza, Inc.), a Mountain View, CA-based company that offers a platform for image applications, has raised $10.7m in Series C funding.
The round was led by Nokia Growth Partners, with participation from existing investors August Capital, CMEA Capital, Google Ventures and Shasta Ventures.
The company plans to use the capital to advance its platform for image apps, expand its publisher network and broaden its relationships with brand advertisers.
In conjunction with the financing, Paul Asel, Managing Partner at Nokia Growth Partners, will join Luminate’s Board of Directors.
Founded in 2008 and led by CEO Bob Lisbonne, Luminate offers a platform which combines Internet and crowdsourcing technology to deliver the optimal content relevant to online images. It serves more than 150 million users each month and 30 billion image views per year.
The company also released its Image App Store (http://www.luminate.com/publisher/app-store/) to provide a central location for publishers to browse and choose the specific image apps they wish to leverage for their sites, as well as eleven new image apps designed specifically for interacting with the trillions of images across the web.
FinSMEs
23/02/2012