Tuesday, May 1, 2007

Pure Digital Scores $40M

San Francisco-based Pure Digital Technologies, a manufacturer of pocket-sized camcorders, announced Tuesday morning that it has received $40M in funding. The funding was co-led by AllianceBernstein L.P. and Morgan Stanley Principal Investments. Other investors in the firm included Heights Capital Management, Sequoia Capital, Benchmark Capital, Focus Ventures, Crescendo Ventures, Steamboat Ventures, VantagePoint Venture Partners, and Samsung Ventures. Pure Digital Technologies is developing pocket-sized camcorders with integrated Internet video sharing features, including the ability to upload video directly to sites like YouTube. Pure Digital was represented by investment bank Savvian in the transaction. More information »