Grab Networks Announces $12M Financing Round

Jun 05, 2009

Grab Networks, created from the merger of Anystream and Voxant in September of 2008, announced it has closed a $12M round of debt and equity funding from its existing investors, which include Softbank Capital, SCP Capital, Longworth Venture Partners, and Court Square Partners. It also announced the addition of Horizon Technology Finance to lead the venture debt portion of the round. This new funding will be used to further the company's market expansion of the grabMediaOS, an end-to-end suite of hosted services backed by its enterprise products that links together media companies, publishers, and advertisers to multi-outlet video syndication. The company will also continue to invest in its multi-variate video indexing technology and the growth of its ad network.