Wednesday, April 27, 2011

Cisco Funds Video Search Technology Startup

Cisco is re-upping its investment in Digitalsmiths, a North Carolina based developer of video search and discovery products. DigitalSmiths said it has raised $12.5M in an oversubscribed expansion financing round, led by Technicolor and including .406 Ventures, Aurora Funds, Chrysalis Ventures, Capitol Broadcasting and Cisco. Cisco was previously an investor in the firm. More information »