In a sign of continued investment enthusiasm for the advanced TV technology space, VideoAmp has closed on a $70 million investment round, the Wall Street Journal reported this morning.
The funding comprises $50 million from the Raine Group LLC and $20 million from Ankona Capital. VideoAmp had previously raised $36 million from companies including Mediaocean and RTL Group since its launch nearly five years ago, the Journal reports.
In November at the Beet.TV executive retreat in San Juan, we spoke with Jay Prasad, Chief Strategy Officer, about the growth of VideoAmp from its root as video DSP. We are republishing the interview today.