INTENT MediaWorks Closes $10 Million in Series B Funding

Apr 17, 2007


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INTENT MediaWorks, a provider of technology for the distribution of licensed digital media content and advertising via the Internet, has announced it has closed $10 million in Series B funding, led by Greycroft Partners, SoftBank Capital, Bertelsmann Digital Media Investments (BDMI), and Allen & Co. The additional capital will be used to support product development, infrastructure build-out and marketing.

INTENT, co-founded by Les Ottolenghi and Glenn Martin, enables providers of digital entertainment to deliver licensed music, video, film, games and software via the Internet across multiple distribution channels. INTENT's digital platform makes digital music and video available to people using open P2P applications, Web sites, social networks, blogs, and IPTV.

(www.intentmediaworks.com)