Accel, Premji Invest And Others Invest Over $100 Million In Amagi

Sep 11, 2021•over 4 years ago

Amount Raised

$100 Million

Media And EntertainmentContent And Publishing

Description

New Delhi: Tech firm Amagi on Saturday said Accel, Avataar Ventures, Norwest Venture Partners and existing investor Premji Invest have collectively invested over $100 million (about Rs 735.2 crore) in the company. The venture funds have bought out the stake held by Emerald Media (an investment platform backed by KKR) and Mayfield Fund, a statement said.

Company Information

Company

Amagi

About

Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24x7 cloud managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 650+ content brands, 800+ playout chains and over 2000 channel deliveries on its platform in over 40 countries. Amagi has presence in New York, Los Angeles, Toronto, London, Paris, Singapore, broadcast operations in New Delhi, and an innovation center in Bangalore.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Accel, Premji Invest And Others Invest Over $100 Million In Amagi

Description

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Funding Insights

Company Information