CastTV Secures $3.1 Million in Funding

Apr 27, 2007


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CastTV Inc. has announced that it has secured $3.1 million in financing through a Series A investment led by Draper Fisher Jurvetson. In addition, CastTV has signed a two-year deal with a major media corporation to provide online video crawling and indexing technology for the company's online video search offering. The funding and customer agreement validate CastTV's technology solution and will accelerate the company's growth and product development. When fully launched, CastTV's solution will allow users to find the videos that matter to them. CastTV will beta launch its video search offering next month, with a full consumer launch set for this summer.

(www.casttv.com)