Digitalsmiths raises money for video search from Cisco
Mon, Jan 26th, 2009 |
Digitalsmiths has raised a new round of funding from strategic investor Cisco to expand its video search and analytics business.
The company did not disclose the amount of the round. But based on past disclosures, Cisco probably kicked in about $2 million.
Last November, Digitalsmiths announced it had raised $12 million in a second round of funding. This means the company has successfully raised two rounds of funding during the downturn - not too shabby. Before that, it had raised $6 million.
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