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. Nadathur Holdings continues as an existing investor.
Led by Baskar Subramanian, co-founder and CEO, Amagi 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. Overall, Amagi supports 500+ content brands, 800+ playout chains and over 2000 channel deliveries on its platform in over 40 countries. Clients include A+E Networks UK, beIN Sports, CuriosityStream, Discovery Networks, Fox Networks, Fremantle, Tastemade, Tegna, Vice Media, and Warner Media. It has presence in New York, Los Angeles, Toronto, London, Paris, Singapore, broadcast operations in New Delhi, and an innovation center in Bangalore.
FinSMEs
10/09/2021