Tech Company Financing Transactions
Magisto Funding Round
On 10/29/2013, Magisto raised $13 million in Series C funding from Horizons Ventures, Magma Venture Partners and Qualcomm Ventures.
Transaction Overview
Company Name
Announced On
10/29/2013
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Series C
Investors
Horizons Ventures (Frank Meehan)
Qualcomm Ventures (Mony Hassid)
Proceeds Purpose
The new funding will be dedicated to expanding Magisto's leadership position in the emerging category of Video Storytelling, the ability to create rich, professional-looking personal movies, quickly and easily, and share them with specific people across a prescribed network.
Company Information
Company Status
Acquired or Merged
Industry
Digital Media & VR & AR
Mailing Address
261 Madison Ave. 9th Floor
New York, NY 10016
USA
New York, NY 10016
USA
Phone
Undisclosed
Website
Email Address
Overview
Magisto uses revolutionary new technology that understands every aspect of video footage. More than just facial recognition, Magisto knows the difference between people, pets and landscapes and can even infer the "intent" of the filmmaker by analyzing the sounds and images on the video.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Oren Boiman
Chief Marketing Officer
Reid Genauer
Chief Operating Officer
Tal Dagan
Chief Technical Officer
Alex Rav-Acha
VP - R & D
Ori Hasse
Browse more venture capital transactions:
Prev: 10/29/2013: 9Lenses venture capital transaction
Next: 10/30/2013: PathoGenetix venture capital transaction
Share this article
News on VC Transactions
We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs