Receives Investment from the CIT, a Dulles, Va.-based marketplace for breaking photo and video journalism that connects creators and acquirers in real-time, has received an investment from the Center for Innovative Technology (CIT).

The company intends to use the capital to continue developing the product.

Led by CEO Anton Gelman, allows media companies, freelancers and citizen journalists to sell breaking news stories to media outlets around the world. Media creators can sell privately through the platform to protect their story, or sell via Twitter to maximize their exposure. The platform allows them to upload their content, select pricing and licensing, and to decide which media outlets to deliver to. Media companies receive a submission, backed by a reputation system and can buy it, if interested.

The investment was made by CIT GAP Funds.



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