Amagi: Raises Over $100M in Funding
- Amagi, a NYC-based leader in cloud-based SaaS technology for broadcast and connected TV, raised over $100m in funding
- Backers included Accel, Avataar Ventures, Norwest Venture Partners, and existing investor Premji Invest
- The venture funds have bought out the stake held by Emerald Media (an investment platform backed by KKR) and Mayfield India
- The company is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms
- It enables content owners to launch, distribute and monetize live linear channels on Free-Ad-Supported TV and video services platforms
- The company also offers 24×7 cloud managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations
