Wireless - Friday, August 24, 2007
Veveo Raises Another $14M For Mobile Video Search
Andover, MA-based Veveo has raised a total of $28M, including $14M in a recent 2nd that has just come to light. Investors are: Norwest Venture Partners, Matrix and North Bridge Venture Partners.
This may sounds like a lot for a pre-launch company but we remind ourselves that any company that can grab marketshare in a search category can be very valuable. Veveo has created a mobile search application that it says is particularly adept at searching video. It plans to launch in September 10 with support for Windows Mobile and for the iPhone.
Veveo has gone out to beat up some press coverage with stories today in StartupSquad, Webware, Moconews, Marketing Pilgrim and VentureBeat and got great reviews. . VentureBeat doesn't name its source but says that it has learned that Veveo has signed a deal with Verizon. Veveo has been quite as it has tough competition from Blinkx, Truveo, and Google, and AOL.
Read - VentureBeat post
Read - Moconews
Read - Webware
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